Such an expensive nightmare.

Make sure you verify all correct numbers for whatever deals you are putting together (arv, projected rents, and projected expenses).

Ideally, it would be something that not only allows to register all the different expenses related to the property and mortgage, but would include the amortization of the mortgage so you can see on the same spreadsheet how much your equity is growing.Thanks

@Michael Primavera Sure, from a literal sense, less expensive assets will require smaller down payments.

We're not going to make what we would expect to make over a 12 month period, but we'll still make about $15k after all expenses.

This thread is dedicated to sharing those expensive lessons or mistakes we've encountered in the world of real estate investing.The purpose here isn't to point fingers or bash each other for the decisions we've made.

Definitely the best name around ;) As I browse through BP it is definitely overwhelming the amount of resources that are available.

After expenses, it cashflows me around $350.

One rule helped here (I simplify a lot): you should always count how much money will be left in your pocket after all expenses (including mortgage payments, taxes, fees, utilities, as well as the reserve fund for the current repairs of the property).

When the portfolio generates above your take home salary from your job after expenses or?