Since the co-op investor doesn’t own the property or land beneath, can he depreciate the entire purchase price without subtracting a land value?

Then subtract financing expense each month and that leaves me with my "profit".I personally don't touch my rental income, it is a separate bank account that funds itself to acquire more property as my goal right now is to build a portfolio.

@Tyler Fontaine I kinda got that part together I been using PropStream and Zillow recently sold I compare them from bedroom bathroom sqft and even the year build I been searching 0.5miles for the comps and I find the new updated home that same bed/bath as mines and use that as a com if that’s right for there I subtract estimate repair cost then x’s that number by .7 to .83 depending on ARV I DONT KNOW If it’s I’m not sure but I feel like I’m getting wrong numbers

I enhance the spreadsheet by adding a further calc at the bottom of each month that subtracts expenses from the rent, then also the principal paydown which is automated based off the interest input.

Cash flow is what is left after all expenses are subtracted from rental income, it can be positive or negative.

Now subtracting that amount from the original mortgage payment of $1099.33 leaves you with a payment of $536.83 which the bank says you must be able to repay every month out of your own pocket.

You shouldn't be on the phone no more than 10 minutes gathering this important informationYou need to know the potential EQUITY - how much do they owe - what's the potential value - subtract one from the other and you get EQUITY!

(Currently creating my own templates to implement the strategies covered) It does sum up a lot of what others say/do and I'm excited to implement this and see how it works.For mileage: I just track my total miles driven in a google sheet at the end of each year, (subtract last years to get the current year total) then take a percentage of that as a deduction (roughly 90% for me).

We always have a few rehabs in the loop to keep the machine running without any downtime.For profits, we calculate all our rehab projections, taxes, insurance, utilities all holding closing and selling costs as well as  interest on a six month hold period then we add in 20k for profit subtract from sell price and that's the max we will pay for a house.

If the basic qualifying formula is that income must be three times payments(the actual formula is close to this), that means you need to earn much more income to qualify for the investment mortgage. " He goes on to give this example: Home mortgage 1,000 month (which is what I pay) to qual for it at 3x you need 3,000 month income (which I do make) Rental property 1,000 month Again you need 3,000 income, but you no longer have it because 1,000 got subtracted to pay for your mortgage.