Also shows a cash flow of ~200-300 a month.If anyone has a more applicable formula or forecasting equation than the 50% rule I would love to see it.

They make you think they have some MAGIC secret or formula that you'll learn and then its off to the races when the truth of the matter is that probably 98% of the attendees will never do a thing with that info and were basically just ripped off!

If that number is positive its added to your income figure if its negative you have to qualify for it as a monthly obligation similar to a car or min credit card payment via the typical 43-50% debt to income ratio depending on where your reserves/assets/credit are.If you've held the property long enough and filed rental income the schedule E of your tax return (or corporate return) will be used to determine the net income.The formula for net qualifying income once the tax return is filed is made to seem complicated however in essence it is the monthly average net operating income(NOI) based on tax return minus monthly debt service payment.

I stay far, far away from those 1%-1.5% deals.Whatever formula(s) you decide upon --and @Thierry Van Roy mentioned several good ones -- stick with them.

@Leeta Song I have each number going to a different phone and one number has my home phone as well.

EMI calculator works on three main criterias – loan amount, tenor and the rate of interestHere’s the Formula whereE is EMIP is the Principal Loan Amountr is the rate of interest calculated on a monthly basisn is the tenor/duration of the loanEMI Calculator is very easy to use.

The DRE has a formula for figuring how much is necessary to have on hand to cover costs, etc.

Some want to just use tax returns, others may use a formula such as gross rent * 75% minus PITI.

You can't assume in your formula that home prices and interest rate environment will stay the same.

We are confident in one another that we will find the right formula before closing in 5 weeks.