Is there a formula you do prior to figuring out to rent or to sell.

So Agents can get a commission.This where the 6% formula breaks down (I dont hate realtors, but 6% for a service on a $300K house is alot per hour!

Like any other rental property, the same formula's apply.

Four or 5 experienced investors will point out something left out of the formula; severe underestimating the cost of a new heat or A/C system, severe underestimating of occupancy rates, thinking that work can be done as quickly as you'd like it done, etc.

Another poster here posted this formula, so he's aware of it, Im aware of it, Im sure you are...but you wouldn't believe how many realtors Ive tried to explain this to where their eyes cloud over and they dont get it...even after 25 years in the biz....and thats assuming they even return phone calls/emails, or worse, forget everything I've told them when it comes to what I'm specifically looking forOkay, enough of the realtor rant....Let me ask you this....I understand the liability involved by scooping up a deal at 50k below market plus getting the 7 percent on top will cause some problems. since they're not looking out in the best interest of the seller, which would be Mr/Mrs Smith on a conventional property...now, let's look at a HUDLets say a HUD property comes up, and it goes thru the first week, where only owner occupants can purchase it.

Sounds like you've got yourself a formula there that works, no?

This means that real estate brokerages and professionals are under a microscope, and any anticompetitive conduct is likely to be detected and prosecuted.Price fixing can be in any form, other than commission rates, such as conspiracies to fix the length of a listing, the type of listing accepted (exclusive right to sell, exclusive agency or open), or the formula upon which compensation will be based (flat fee, percentage of the sales price, or a variable percentage depending upon the sales price) also may be per se illegal.

There is no real formula, because each situation is different for both buyer and seller.

And, I have heard from 2 realtors that the town is hurting for rentals, which after scanning the place and knowing some of the industry seems to be true.Any comments or formulas would be greatly appreciated.

Thanks for the formula, I will use this on all my deals.Mike