. - That is what We Value our service are worth per item and does not reflect on the $699 price and we evem give you 2 examples of how to calculated the formula but I’m sure you skip that part while mentioning this to everyone in this forum.

I don't think there is a formula per se for what you are asking.

Offer them the house on the following terms;$170K sales price$5K down$165K @ 8%, 30 year amortization, 10 year balloon.P&I about $1210/month.If they don't have the $5K, and/or can't handle the PITI, probably at least $1400, then DON'T DO THE DEAL.With the money you're losing at that rent you'll be miles ahead.

The spreadsheet was very basic but it would eliminate the need to write out the formula on paper and then refigure it each time you changed a value.There are only seven variables you can manipulate but the final cashflow value is recalculated with each change.

Another is to never go over:ARV * 70% minus repairs, closing, holding, selling costs.There is no exact formula but you will get very, very close to optimal if you do your homework and identify all the possible costs plus contingencies.John Corey

Thanks Michael for the tips, it is very much appreciated.So it seems like to me to avoid any possible problems with sellers etc.. is to ensure you have solid investors ahead of time.This is a lot of fun and I look forward to really getting into this.

Is there some formula?

Make sure you talk with a mortgage broker ahead of time to make sure you are ready to go.

So once you reach 10 go ahead and start a thread with your business offer in the link below, thank you for your time and have a nice day my friend........Make Deals & Find Partners Forum:http://forums.biggerpockets.com/viewforum.php?

Repeat the formula “Om courage” mentally, daily several times.I hope this helps someone out there.