If one is not a principal in a transaction, one has to have a license in Illinois.

(which can go to your next purchase or principal only payment on that multifamily place)Originally posted by "ianternet":I am still within my lease and can not get out (I can just lose my deposit and pay another fee)How long do you have on your lease?

Your $150,000 cash down has given you in 30 years –$3,365,000 (4% annual appreciation)$1,500,000 (2.34% annual “appreciation OR principal paid down on loan, however you want to look at it)$508,000 (after-tax cash flow invested annually into 8% annual yield account, whatever that is)$410,000 (increase in rents minus increase in variable operating costs invested annually into 8% annual yield account, whatever that is)Total gain - $5,783,000 or 12.9% compounded annual yield on the $150,000 investment.

To answer your specific question, property taxes and insurance ARE part of the operating expenses.Operating expenses do NOT include Principal and Interest, capital expenses, or depreciation, (although in reality you should consider an allowance for capital expenses in your cash flow analysis).From a practical standpoint, you subtract the mortgage payment (P &I) from the NOI to get your monthly cash flow.

I will input the expenses so I can know if this house is a great investment or not thanksThe agent who is getting your mortgage will tell you how much the monthly payments (principal and interest) will be.

Its more about the cash.Lending hard money at 5 to 10 percent per month on real estate is called usury, and can leave your principal liable.

This defers the recognition of your capital gain over the term of the note on a prorata basis as principal payments are made.

I agree with all cash, I've been working airline ticket counter/customer service for about 13 yrs and 99% of the population is not very bright at all. use the KISS principal...Keep it simple stupid.....the landlords you called probably more interested in selling their space then buying yours.

Write ads for approval of licensee and Principal Broker and place classified advertising;8.

Call some insurance companies and ask them how much ins will cost for that property, and again divide by 12, and add that to the monthly PIT (Principal, Interest, Tax) amount for the PITI.