So, one of the areas I attempted to implement recently seems to not be an option.

After both of these improvements are implemented the property should perform like: Market Rents: $1750, $1750 = $3500NOI: $3500 - $1279.15 = $2220.85 -> $26,650 per yearExpense:Income -> 35.5% Cashflow: 3500 – (1279.15+1778.47) = $442.38 -> $221.19 per door.That’s my plus side analysis.

It's a good way to get the price down on target properties.

Unless its a very target type of property your going after but if its what 99% of BP folks go for SFRS your just one of hundreds hitting the same owners. so its the luck of the draw. and why its important in my mine to answer your friggen phone live5

I haven't talked to a building company since I am just currently browsing potential properties and analyzing them to get some more experience doing the calculations.But I can't really analyse any deals without knowing how much the refurbishment costs are going to be.I would like to know, what should be on the snagging list to make this into a proper kitchen and also what the approximate costs would be do to all of that.Property details:2 Bed / 1 BathroomCurrent offer: 110.000 PoundsARV: 166.300 PoundsEstimated repair costs: 20.000 Pounds (not sure if this is accurate AT ALL)Offer I am putting out: 96.410 Pounds (based on the 70% rule)Rent: 1000 Pounds per calender month (2 tenants sharing the house, 500 each)The property is located in an area with 3 universities and a hospital, so I figured there would be a good chance for letting this house out with 2 tenants (correct me if I am wrong).Here are the calculations that I have learned on my 3 day property investing seminar (UK based) and have implemented in my calculation spread sheet below.Please comment on the calculations if you see something missing or find odd.

Crazy-town.For every flip tax that stops a flipper, there is a buy and holder to take advantage.For every condo that can't be converted, there is an opportunity for potential TIC.For every tenant under rent control, there is a discount (sometimes significant) built in to maneuver to full market rents.For every migraine created and ridiculous law implemented, there is another long-term millionaire made.

I've been binge-listening to the BP podcasts, and will spend quite a bit of time researching (while targeting my first purchase by the January '15).  

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Seeya around!

As a tech guy, I see a few problems with implementing this.  

If you haven't yet- be sure to setup some "Keyword Alerts" to get into conversation in your target area.Also - here's a couple articles you might enjoy:The 21 Best Real Estate Investing Books EverHow to Start Investing In Real Estate at a Young AgeSeeya around!