Using this formula and assuming 1) whomever is negotiating the short sale is extremely familiar with the process to reduce potential time wasting errors, 2) the seller is cooperative and provides all requested financial documentation in a timely manner, and 3) the negotiator at the bank is reasonably competent - you are looking at another 45 - 60 days prior to receiving short sale approval.

Cash is used for that formula instead of the value which makes a big difference.  

In cell B1 type the following: =LEFT(A1,(FIND(" ",A1,1)-1))In cell B2 type the following: =RIGHT(A1,LEN(A1)-FIND(",",A1))Your result will be: B1 = Green, and C1= RahdiaDrag copy those formulas down your list.  

That is my formula!

I abandoned my simple cash flow formula and have added the appreciation play.

Hey, can you share some of the formulas your mentor used in analyzing his investments?

Account Closed Do you have a quick formula for ballpark valuation?

I feel pretty confident in my formula (which is conservative but not too conservative), so I don't think that's the problem. 

Engelo - I liked your title of the thread ;)Awesome comment Brandon,You saved me from replying in detail to Mark :)I feature that I love is the freedom to post "marketing" stuff.Like videos and offers, etc...Another goody is being able to search through messages hahaGlad you liked the headline also, I still can't figure out the formula for a good one when we do the blogs :)Thanks mate and have a great weekend.

I've done similar over the past several years and now I only buy multifamily out of state (I'm also in LA).I have a formula for success that I have developed by trial and error and education.I develop/ flip in the Pasadena area and buy and hold out of state.