OfflineDoes anyone have a great equation or calculation they use to determine whether to buy rental properties? I have put together a general equation, but want to see if I am missing anything that might be over my head.
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nsherrick
What type of equation are you talking about? Buy under market value, refi if possible, make sure you take in enough to make your payments, I don't know what you mean. Let me know...Jan
Looking more for items to include when checking the cash flow opportunity. i.e. advertising, taxes, mortgage, % for maintanence, etc. I am hoping that someone has a spreadsheet or formula for looking at all these things when looking at a property.
nsherrick
I have started a checklist of sorts. When I get it into better working order I will post for better and further discussion. Might be helpful in looking at properties to buy. Also, looking a future reserves to hold back for improvements if the equity is not there, but still cash flows.
nsherrick