I believe we will see significant longterm (10-20 year) appreciation that will supersede any monthly losses.Thanks for any further feedback.By the way using the formulas you put together one would need to pay about $100k for a duplex in order for it to make sense but there is no such thing on the market.

Esp when finding out this formula to see if a home is right to wholesale?

THINK AHEAD to avoid maintenance nightmares WRT inevitable leaks and overflows.

Really pay attention to the number formulas that Mike, John and others explain over and over here, It is Critical!

That said, you will probably need to get your financing together ahead of time.

However, its always a good idea to have money lined up ahead of time as you will run across deals where you have to move on it then or lose it.

I cant really find a formula or anything that says how much below appraisial value makes it a good deal. it was a lot easier to assess value in a good market, because it seemed like anything below appraisal was worth the investment. however now that the supply out weighs the demand in most areas. i have no idea how to correctly judge value. anyone have any tips, or theories?

So go ahead and get a mortgage: Your house’s value will be unaffected.That’s why owning your home outright is like having money buried under a mattress.

You're a few steps ahead, it seems!

Then I write on the receipt and note in my books who I took out to eat and why.This is exactly the formula and method I use to do mine.