Simple question to ask but you know all the details, and as of this morning when I checked my crystal ball was still not working so I only know you are having a double closing.

If you use the 50 percent rule, which is probably about as accurate of a crystal ball as any other method (and will still not hit the mark on many individual years) then, of your gross rents you would have 1050/month to count toward your debt service (principal and interest) and the remaining toward your cash flow.So, I can't tell what percent of your PITI is T&I, but I would guess it is around 300/month.

Again, you don't have a crystal-ball to determine what it looks like 5 years from now.

I also had to get out my crystal ball and wonder what the interest rates might be 10 years from now.

Nobody including me has a crystal ball.

I have not given this much thought really as to how to, I did this for years and I have a completely different approach to underwriting seller financed as you need a crystal ball more than underwriting guidelines to meet at the time of a contract.

Feel free to network with me but be sure to tell me a little bit about yourself as well and I look forward to meeting you.Tags: Barrington, Cary, Crystal Lake, Woodstock, Lake in the Hills, Algonquin, Fox River Grove, Huntley

Read Your contract as it should be crystal clear about this, but my assumption is that's what the "attorney review" period is for.

Therefore, if you subtract the mortgage payment (P & I) from 1/2 of the gross rents, that will give you a more accurate cash flow than you'll get from any "tool", crystal ball, or Ouija Board.

,Lake in the hills, Crystal Lake, Algonquin, ect.. and plan to focus primarily in this area.