=====================================LOL====================================="wow this guy goes on and on...he's like the energizer bunny...he doesn't quit".....Well when you're rich son of a ***** like me, you work at home, and you have no more cares or responsibilities and you're no longer in the rat race...well what else is there to do but go into forums to philosophize and to do some online gaming. ha ha."

I'm willing to play hardball with the "tenant" and buy the house, although I don't want to go over what I think it's worth.Any ideas or suggestions would be appreciated.

What your goal should be is to do a few very strategic power plays that will allow you to then have enough cash flow coming in each month so that you could retire from your job if you wanted to.

OK so after that, is it best to play dumb with the seller and ask them questions that sound like I am a regular buyer or someone who has done their homework?

I'm new at the real estate investing game, but from what I've learned about wholesaling, one of the parts of the contract which makes it work is being able to add the statement "and/or assigns" next to your name as buyer.

Hello everyone,I am new to the real estate game and have recently found this forum which I have learned incredible amounts of information from.

Originally posted by "Edalgo":Oh and I'm probably a few years away from coming close to owning a property :( but hey, eventually Ill get there :)Don't count yourself out of the game so soon . . .Welcome to BiggerPockets!

Of course, there are a TON of variables that can come into play.

I am not an accountant, nor do I play one on the internet.NOI (net operating income) is determined by subtracting the operating expenses from the gross rents.

thanks all - now since its a numbers game I want to create an excel sheet I would like to knowhow to calculate mortgage monthly payments, what is the formula - I thin I have it, but when I do it on a webbase calculator - it is off by a couple numbers, I want to know the actual formula to determine my monthlyonce i have that I will input the expenses so I can know if this house is a great investment or notthanks