Welcome to BP Chris.Look forward to assisting you on your wonderful journey!

Suppose the seller will gives you $10,000 at settlement and includes all the furniture and the cars in the garage and gives you a 6 month grace period on the owner financed mortgage, how do you calculator s CAP rate.I love CAP rates, but I love the other method of calculating my investment return, it's call the "Gut Feeling", do I feel good, am I making money, OK, I'll go for it!

Whew...it's been a journey with a few bumps in the road here and there but I'm happy to report that we will be closing on our first investment (foreclosure) house this week.

Owning lots of properties for a period of 20 years is a guaranteed method to creating real wealth and at that point, you'll have your income stream also.

This method I described allows you to do that.

Part of your journey will involve a great level of trust.

I agree Dave, you are absolutely right, and you've brought up some very important points - ie. land does not depreciate, short-life assets can be replaced and depreciated too, and all methods will yield the same cumulative deduction if the property is held that long - most of these complexities were edited out of the article to make it a more simple read for viewers.

Is there a method on the board to pm all of them at once?

Do not proceed with this method without one.

Is the Weekend Millionaire's method of valueing a property & determining NOI complete & accurate, or are they missing anything important?