Much like the flipping offer formula I offered before you can follow the given equation:
"-" equals subtact
- Profit wanted for each month
- Vacancy rate
- Maintence cost
- Management costs
= Highest amount you can pay for mortgage.
If this number does not mesh with your purchase you will want to lower your purchase or find a way to get more rents.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125