Determining A Good Deal !!!!!!

Comments(6)

• 
  classimg29th October, 2003

  We like pre-foreclosures, the seller is anxious and the transaction can be swift. This does require the use of cash.
  
  We also like creating sandwich lease options where the investors/sellers unit is vacant. This group is motivated to make a deal. This requires less cash when you have a tenant/buyer ready to move into a property.
  
  Eric & Rosa
  [addsig]

• 
  carljohnson31529th October, 2003

  Thanks for the responses, but i'm talking about formulas.
  
  calculations
  
  List price, repair costs.......
  
  Thanks again

• 
  DaveREI29th October, 2003

  Answer.....Profitablility...$$$$$
  
  
  Quote:
  On 2003-10-29 10:33, carljohnson315 wrote:
  What determines a good buy for an investor?
  
  1. Foreclosures (pre and post)
  2. Rehabbers (Fixer uppers)
  3. Regular single fam home
  4. Rentals
  
  What formula to use for each....
  This way I know which homes to present to my investors and not waste time with the ones that they won't blink an eye at.
  
  Thanks, I hope this info helps others
  as well.

• 
  yehoshua3029th October, 2003

  Well, for rentals, I guess you'd like a typical breakdown of expenses?
  Some have said that figure that your expenses in rentals is about 40-50% of your gross rents.
  So figure that when scouting for rent rates and what you will pay for the home.
  my $0.02

• 
  carljohnson31529th October, 2003

  I guess I'll just go to the book store and learn.

• 
  carljohnson31529th October, 2003

  Thanks yehoshua30