Figure Wall Street is paying 31k per door.

Look on VRBO etc and see what places are going for, determine the length of the rental season, figure in some vacancy and see what the numbers tell you.

Both may work for you, one or the other may, or neither, but you need to go and figure that out.I believe (*wink) one meets this Thursday night!

Just trying to bring all of the figures to the forefront to get a better view of whats at stake.Kudos,Mary

I would like to get into real-estate with-in a couple of months-almost a 5 month timeframe here, and I figured the best way to get my feet wet would be to obtain a real-estate liscense. ?

(I figure because I know this area really good, and I believe it's on the rise because its minutes from NY but a LOT cheaper).

We just did that instead and saved the headache and expense of everything else they wanted us to do.After removing the PMI, I figured it was similar to investing the money at an annual 6.7% rate.

Websites such as Trulia and Zillow are not accurate for figuring out the ARV of a specific property.

You need to figure out what numbers in your area look like.Getting started is the biggest thing.

I never used the 70% rule, I figured all costs and then added in a minimum profit plus extras for unknowns.