Hey everyone,I'm new to real estate and I’m looking for feedback on a project I’m working on.

Henry Washington from BP on the market podcast operates here.

He is the Madoff of Real Estate Investing right now.  

How Seasoned Investors Calculate Net Income in ExcelNet Income in real estate investing is typically calculated as:Net Income=Gross Income−Operating Expenses−Debt ServiceNet Income=Gross Income−Operating Expenses−Debt ServiceHere’s a simple way to calculate it in Excel:Create a Spreadsheet with the following columns:Income Sources (Rent, Laundry, Parking, Other)Gross Income (Sum of all income sources)Operating Expenses (Property taxes, Insurance, Maintenance, Utilities, Property management, etc.)Net Operating Income (NOI) = Gross Income - Operating ExpensesDebt Service (Mortgage payments, Interest)Net Income = NOI - Debt ServiceUse Formulas in Excel:Total Gross Income → =SUM(B2:B5)Total Operating Expenses → =SUM(C2:C10)NOI Calculation → =B6-C11Net Income Calculation → =D6-D12Software for New Investors to Use OnlineIf you’re a new investor looking for user-friendly tools, consider:Stessa (Free) – Tracks income, expenses, and generates financial reports automatically.DealCheck – Great for analyzing rental properties, BRRRR, and multifamily deals.BiggerPockets Rental Calculator – A simple tool for quick deal analysis.PropStream – More advanced, with market research and deal analysis features.REI Hub – Accounting-focused software for rental properties.I hope this helps !

Just wondering can you ever catch a great deal on the market  and if so what’s stopping you from taking advantage?

I Can only realistically get $1600-$1700 a month renting my house based on the market.

This could significantly increase the sale price and net profit after selling.Pros of Selling: Immediate large cash flow that could be reinvested elsewhere (stocks, other real estate).

I have been a Real Estate investor for about 35 years and have never experienced such incompetence.

The market has gotten a lot more competitive in recent years.

Once the HELOC is in place, your father-in-law could loan you the funds to invest in real estate.