The sellers ended up eating a big tax bill because their advisors didn't plan ahead on things.

Go work a minimum wage job for the month, earn $1500, and now you're ahead by $700 by hiring professionals.- My last point is that, unless it's a BIG house (more than 2000 square feet), I'd be surprised if you can't find a paint bid for much less.

I highly suggest you look at @John Fedro's program (Mobile Home Deal Maker Formula), he actively participates in this field and invests in mobile homes actively and currently.

Came across a 2 family that needs quite a bit of work but I'm in love with the location.Here my analysis put together... would like some opinions, or advice if I'm missing somethingPurchase Price - $50kRepairs - $40kMonthly Mortgage Payment w/interest - $260Property Taxes - $290Insurance - $150Heat - $200 (currently setup to share heat off of one boiler, so would have to include heat in rent)Maintenance - $100Monthly expenses - $1,000Rental IncomeUnit 1 - $600Unit 2 - $800Monthly income - $1,400Thanks ahead of time for the advice!

I have Brandon formula and others, but when I jot the figures, how do I know if it is a deal or not?

The entries with asterisks beside them are required, but I go ahead and add their first name too.

Not only does it help you build credibility, but it also helps people become more familiar with you as you engage on the site.Complete profiles without typos combined with a profile pic is a formula for more successful networking here on BP.

I wanted to create something that would help them stay afloat and actually forge ahead.

With each follow-up contact your call back rate should go up, so the key is consistent follow-up.As far as managing the calls goes, if you think that you can commit time to each caller at the time that they call then go ahead and answer.

Dave is correct, that is the formula.