All Forum Posts by: Lance Lvovsky

@Brianna thanks for the link to the calculator. Is there another alternative to that? I am not a pro member. I found an excel spreadsheet in the files section titled Cash-flow analyzer so that may be a good one?

John, I am just trying to see how my current property is doing. And get thoughts from the BP members on what they think is good, bad, etc.

I would like to put together something to calculate how well my current property is performing financially. Cap rate, cash-flow, cash on cash return, etc.

And then I would like for you all to comment and provide your thoughts on if it is doing well or not.

What is the best approach to do this? Just put everything in excel? 

Thank for the response! Any other recommendations! I don't think investing in quickbooks is my best bet at the moment but certainly a possibility in the future

This is my first post on the forums but I have been reading this website for quite some time now! Lots of great information here and there is so much to learn!

Anyways, I am wondering what is the recommended spreadsheet/application to keep track of rental income/expenses? I realize everyone will have a difference in preference but I am looking to gather some feedback.

I have found a spreadsheet online that mimics IRS Schedule E and it is seems like a viable solution to keep track of income and expenses month to month.

But is there a good way of tracking everything about a unit including the amount invested, equity, loans left to payoff, taxes, etc?

Thanks in advance!