My first question is, if I have a lease and the property is rented, do they subtract the entire $2,400 from my monthly debt, or do they only subtract 75% of the $2,400?

I will suggest using my contract if they insist using there’s I will take it to my attorney and have it review it and make any additions or subtractions to the contract. 

Take the $80k you intially purchased it for plus cash invested, subtract out the $75k the bank is now giving you leaves $5k cash invested still.

Figure out the % you want to markup and subtract it by 100, divide the price of the job the first step. 

You pay tax where the property is first then in your home state second but you get to subtract what you paid to the state the property is in from the taxes you paid to your home state. 

Have been learning a lot with GC videos and he mentions that running a multifamily is, almost always above 35% expenses to be subtracted from the income but have been analyzing deals (+5 yrs old) and almost always the expenses are very little.Love to have your insight.

Buy a property for 500K cash, rent out for 2.5K, subtract 1.25K on operating cost, and you're left with 1.25k in cashflow.Is the author wrong or am I misunderstanding something 🤔?

When you add up all your assets, and subtract all your liabilities, you arrive at your “net worth”.

You'll take that amount and subtract your cash invested to give you how much profit you can realize in addition to the return of your original cash investment

@Benj EckerLast year I did my first deal for 25k.Property type triplex single house in front, duplex in back.Listed for 330k got it for 280k plus 3k sellers assist which is subtracted from cash to close and 2k in commission for representing myself as buyers agent.The numbers were as follows mortgage,taxes,insurance $1950Expenses to fix up 3k (added a half bathroom in single house and cosmetic repair)Water, sewer, electric all split to tenantsI pay $400 a year for trash.Single family $1400Bottom duplex unit $950 (he cuts grass and does some minor property maintenance)We lived in the other unit.Just moved out and am getting additional $1250 for our unit.Now flowing $1600 a month.Because we claimed residency we were eligible for first time home buyer 5% down.