But, with days on market lengthening and talks of a recession, that notice of default may quickly turn into a notice of trustee sale if the timeline is too far progressed.

For instance a rental house would be evaluated completely different than a wholesale property (selling the contract to another investor).My formula is this for wholesales: ARV (After Repaired Value - the value of the house after all the repairs are made and it looks great) minus Rehab (whatever rehab is needed to bring it back to look like the other houses selling on the market) - BSH (Buy/Sell/Hold costs - the expenses associated with buying, holding, and seling the property.

You need to evaluate each property on it's own merit and take into consideration any factors that are relevant to your situation.Starting out, I highly recommed investing where you live.

Here is how I would evaluate this deal based on the market rents of your other units:Gross Rents: $1,000Operating Expenses: $500NOI: $500Mortgage ($31,500, 30yr, 7%): $209 including initial rehabCash Flow: $291 per monthThis looks like an EXCELLENT deal to me!

During those 200 years, these nations always progressed through the following sequence: * From bondage to spiritual faith; * From spiritual faith to great courage; * From courage to liberty; * From liberty to abundance; * From abundance to complacency; * From complacency to apathy; * From apathy to dependence; * From dependence back into bondage.

It's the South, but Bham is much more progressive and larger then you might think.

The 50% rule simply says that throughout the United States, operating expenses run 45% to 50% of the gross rents.Here's how I would evaluate your example.Gross rents: $600Operating Expenses: $300NOI: $300Less $100 desired cash flowMaximum mortgage payment $200Therefore, with a 30 year loan at 7%, the maximum acquisition cost (purchase + rehab) would be $30,061.51 and as you said the max purchase price wouldbe $28, 061.51.Mike

I want to get into REI and I see a lot of posts that say, "Oh yeah, getting into wholesaling is a great way to learn REI" So if I'm wanting to start getting into REI now, I can see where it would be beneficial to me to star evaluating property and pounding the pavement, but once I find a good deal, why wouldn't I just do the deal myself if it's such a good deal?

Good asset managers make subjective evaluations and grade bank packages for disposition.

Now that I've progressed to contract, the actual insurance quote is $1,700.