You can work numerous formulas but I typically want my payment to be 40-50% of my rent rate max. 

It can be a big help in qualifying for mortgages since they can be counted on as reserves after a penalty is factored into the formula. 

So I guess that's why it came to a surprise to us that the Richdad formula put us into the box with everyone else!

I doubt this landlord has the magic formula to get only the first type, they are hard to find.Has the owner shared his costs on the things has has to capitalize for the IRS - the appliances, carpet, upgrades?  

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe E-MythThe 4 Hour Work Weekhttp://flip2freedomacademy.com - free e-bookFlip2freedom episode 77[http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/] - podcast - LISTEN TO THIS TODAY!

$1500 for an upscale house.Lets take the formula from above and do a little algebra:cash flow = (rent / 2) - P&I paymentcash flow = (rent / 2) - PMT (rate, term, loan)Remember loan is 100% of the purchase price for this case.

Certainly our formula will change depending on the RE market in a specific region at the time.Please give us your input, both positive and negative, when it comes to our criteria for Wholesalers who want to assign their contract to Intrepid.You have the property under contractProvide a copy of your contract with the SellerBriefly explain your role in this transactionYour Purchase Price with the Seller = ARV x .68 - RepairARV = After Repair Value.68 = 68%Repairs = Cost to rehab/fully renovate the property Furnish three (3) comps sold in the last three (3) months within a 1/2 mile radius of your  property under contract Provide scope of work detailing how you arrived at your Repair estimate Provide a location map displaying your property under contract and the three (3) sales  comps Your contract assignment feeThanks!

I would highly recommend Justin William’s House Flipping Formula group if you want to get started, he is a great guy who gives way more than he gets.

It's a formula based on your eligibility, county, remaining balance on existing loans go to va.benefits.gov/homeloans.

I ran the numbers on my rentals based on that formula and shockingly they came out to the same dollar amounts as the actual comps for the properties are.