Calculating for investment goals and criteria is one thing, but overpaying for a property because you valued it incorrectly is never a good idea.I will say this, you learn a lot more breaking through road blocks than flipping pages...now to working on finding some one who knows what they're doing so that I don't blow all my money!

You have to identify what your goals are and set parameters that get you to that goal.

From what I have learned the goal is 12% CoC and over $200 cash flow on Multi-family.

Now after reading and some life experiences I realize where I went wrong and in ready to try this again.My goals are to flip at least 2 more and then after that I'll start holding on to those properties that will cash flow nicely.

Everyone has different strategies so it’s a matter of finding the best group that will help you meet your goals :)

I should probably state my goals seeing how this question would very much depend on what those are, my goals right now are to move into apartment investing and eventually syndication.

Wanted to reach out and see what your Real Estate goals are for 2018 and 2019? 

Would anyone suggest completing a formal business plan when starting a real estate business or simply understanding and following you goals and objectives?

Unfortunately this is not something that interests me and if I was to end up with this property, I would either leave the garage as is or undo the kitchen work.This would be our permanent residence for now, but the goal would be to either rent it out in a few years, or just sell it if/once it has appreciated to some extent.I have a hard time working this into the valuation of the house.

A good deal.Price was low, cash flow was high - but as i already had bought two units this year i had not build up too much Equity so i was not able to find 30 procent free cash....But i could not forget those two units...I believe i read somewere in this site on some of the good rules when you buy properties;If you cannot find the free cash there might be something Else you have that the seller would like to have....from you instead of cashIf there is something you really want to have... you might have to give something Else up... to get what your goal is...To make this deal happen -and as i did not have the free cash - i started thinking of what did i have - with value - and i was willing to Trade in this deal...I ended up trading in my lovely BMW :o) :o)The point is, that if i did not read these posts on this site - i would never had got the idea of Trade my car into a property deal.