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Updated about 7 years ago,
Using 60 Day Newbie Plan Worksheet and Questions
Hello everyone,
I am working through this plan just to prepare while I'm looking at properties but I have a couple of questions.
In the expenses section I am putting in P&I estimates that I get from Redfin, also the taxes from that page gives me an estimate of what was paid last year so I use that which is different from that the taxes that are included in the debt service payment. Also that shows the property taxes and insurance included in the mortgage payment total. I calculate an estimate of property management of around 5% but want to include an estimate of all my expenses to get a real picture. Am I missing anything in this other than vacancy rate which I look at bestplaces.net to get.
Any input would be appreciated. I got the "60-day Newbie Plan" from BP also if you want to see what I'm doing.
Thanks,
Larry