Originally posted by Steve Babiak:Not to mention that "Income Property" is more like "how to turn your total loser property into less of a loser" ...Most shows cut corners on the math but Income Property is the absolute worth.

Doing the math brings me to the thought I made 300 an hour working on this project in my estimation.

Douglas Rath, rather than spending all of your time on due diligence, I'd say your first order of business is to find out whether or not the property owner is willing to sell at the price you need.Before you start doing any "homework", I think you'll find that it's VERY helpful to know whether or not you're actually talking to motivated seller.

I've also done my homework on fair market value, etc.

Something I like to do (Cause I'm a math nerd) is to do a "10 year projection" of my wealth based on certain criteria.

your math seems to dictate there is 4 bedrooms ($400-$500 a room).

I remember in 2007 I had a money market account paying. 5.5% APY, today the best money market rates is 1% APY if you are lucky.This is probably why all the americans are jumping into real estate as the top money market rate is 1% at best, but you don't want to put all your eggs in one basket and researching and doing your homework is essential..One of the Hong Kong analysts I respect and follow thinks that the dollar is headed for a 10% appreciation.

A RE Investor lawyer; have the contracts drawn, signed and notarized. you can explain to your investors that as with any start-up there is going to be a lot of red before black; do your homework, know your markets

That is definitely some fuzzy math.

I think what you are seeing is common wholesaler eraser math..."