It's based on too many assumptions that may or may not be true, and can lead to both overpaying on a property (to the point of not being able to generate a profit) or under-bidding on a property (to the point of not being competitive and not getting any deals).I much prefer to use analysis techniques that take into account the actual cost of capital for the individual investor (are you using your own cash, borrowing hard money or something in-between), the actual cost of commissions and closing in a given demographic (sometimes the seller will pay buyer closing costs, sometimes not), the actual time you expect a rehab to take (a six month project has vastly different holding costs than a two month project), and the risk on the project (is 15% return enough or do you want 20-25% returns on more risky/costly projects), etc.70% rule is lazy (IMO) and while it's fine for a first-pass analysis, if you use it to make buying decisions, you may find it impeding your success.

For anyone that is new and takes the bull by the horns this event could really accelerate the chances for successes.

., gets a commission or bonus structure based on success of project);3.

I've been analyzing some deals and the possibility of using Homepath financing.I know and have looked up the basics of the Homepath program but wanted to hear from BP nation your experiences and thoughts.Also, has anyone been successful in getting the asking price down significantly or is negotiation limited because these properties are government owned?

Around January 15th is when I started deciding to start learning about and planning how I can become a successful REI.

Part of your success might also be some great "call to action" content you put in the letter.

Hello Friends,

Just signed up and I just wrote everything in my profile so if you want to see why I am here, I wrote it all down.

Feel free to give me a shout out.

He has been working on this for probably six months now with no success.

I also don't feel anyone is good enough in any type of market to be successful timing it over and over again.

Sometimes when you're successful and stumble, the haters will jump on the opportunity . . .