I look at the Gross Income and then do 50% of that to = NOII look at the purchase price and do 7% interest to figure out my Debtand then I subtract.Example: $2million purchase price300k Gross income150k NOI140k Debt= 10k Cash Returns a year

I look at the Gross Income and then do 50% of that to = NOII look at the purchase price and do 7% interest to figure out my Debtand then I subtract.Example: $2million purchase price300k Gross income150k NOI140k Debt= 10k Cash Returns a year

USED AS A GUIDE NOT A RULE50% of gross income = NOI right? 

You should get a summary of gross income, expenses and NOI.

It is now producing great cash flow, and it should gross around 32-35k on the full first year.Lessons learned?

im stuck on 3rd R of BRRRR.i bought triplex financed my downpayment and used total $45k to fix up now cant afford to refi cash out to repeat cause need 2-3 months of reserves ie $3500-4500 in personal not dba account. i only have dba and i spent it on fixing 3 unit and rehabbing my new personal residence. both have equity but no one wants do Heloc with me credit is 700. owe $79k on triplex ARV is eta $225k based on noi , gross rents $2995 net monthly is $1850, moved into 3 unit for 5 months while fixing then tried refi while living onsite but needed 1140 rent to meet debt 2 income ratio to buy primary residence and b4 moved out i  tried refi via VA but  told need make 6 payments first. so i hunt for portfolio lenders...no luck yet tried 4 in Maine. once moved out tried refi triolex conventionally with veterans unlimited, and quicken loans. both failed me on dumb minutiae wasted 3 months.now spent all my original financed money to fix up triplex and rest money to buy, move and rehabb my primary and now have no reserves. im living off my rent incomes. cant save up need buy 6-8 unit need 25% down plus rehab costs.sitting on 3 acre river front 1500 sqft camp with 2 barns 35ft from river that needs rehabbing but owe $52k ARV is $190k. holding is $550 month, needs $50k rehabb any lenders offer no reserves and 100% besides VA and no seasoning?

In that situation, it seems like my gross scheduled income may not change (as a section 8 tenant vs a “normal” tenant may pay the same rent).  

My total bill last month was $2800 which put's me on track thus far for over 33k per year not including tax returns.I should disclose that I have another business that keeps me traveling pretty much half the year.Our Real Estate business operation looks like this:Property manager handles tenants and collects rents, he deposits all rents into our accounts and coordinates the rent roll with bookkeeping, they cut him a check for his gross collected rent management fee, bank statements are automatically sent to CPA's office for them to reconcile against business credit card statements, they also handle 95% of day to day financial operations from there to include paying contractors, setting up utilities, paying company bills ,bank deposits etc. for 4 and now 5 entities with the short term rental llc.We have a initial goal of 100 doors so I it's pretty easy to see this cost jumping significanly in the not so distant future.

Careful you might find it addicting.Bill Chase of Chase and ChaseJeff Charlow of Master Title and EscrowMichael Gross in Bethesda MDAnthony Onwuanibe of Golden Trust Title.

Get current rent rolls. figure out gross rents. put in a 40% expense ratio and then your NOI.