I'm a newbie and was wondering if someone might be so kind as to allow me to observe their negotiation process with a motivated seller (I realize this is sensitive) and also glean some insight into your formula for how you came up with the offer.

Also, what formula's do you use to determine a likely rent rate when there are no pictures to help you come to a figure?

I don't have a mathematical debt to income ratio formula that I follow so I just apply so level of common since and personal finance.I wouldn't get so hung up in her past debt but I would pay close attention to what the past 3 years looked like.

(Even then, formula of the bank may be more interested in maximizing sale price to pay for cost of legal rep & etc).Lists of all the bank owned properties can be easily pulled on tax assessor website.

The "game" that is played in NYC is to -buy a rent stabilized building that has existing low rents, make improvements that justify increasing rents (the city keeps an eye on this and there are formulas the developer must follow), -renew leases at higher rents (some LL will make stabilized tenants life's miserable so they will just leave), -manage it better (for the owner anyway).

Hi Tim,Great question and @Michael Seeker gives a good example of how to lay it out in a formula that gives you structure.

I win some, I lose some, instead of fighting someone else use your own numbers, if your numbers keep losing, then you may want to readjust your formula.

It will require lots of time and effort but will allow you to really understand a lot of the formulas and concepts in analyzing a deal.

I lookup the LLCs on the State Secretary website, call the registered owners, introduce myself, ask if they are in fact flippers, see if they are looking for more flips, if so write their formula and criteria, then get to work.

There’s a complicated formula that the VA uses to determine this but I believe I’ve done my math correctly.