Hello everyone,I am new to the real estate game and have recently found this forum which I have learned incredible amounts of information from.

Originally posted by "Edalgo":Oh and I'm probably a few years away from coming close to owning a property :( but hey, eventually Ill get there :)Don't count yourself out of the game so soon . . .Welcome to BiggerPockets!

Of course, there are a TON of variables that can come into play.

I am not an accountant, nor do I play one on the internet.NOI (net operating income) is determined by subtracting the operating expenses from the gross rents.

thanks all - now since its a numbers game I want to create an excel sheet I would like to knowhow to calculate mortgage monthly payments, what is the formula - I thin I have it, but when I do it on a webbase calculator - it is off by a couple numbers, I want to know the actual formula to determine my monthlyonce i have that I will input the expenses so I can know if this house is a great investment or notthanks

Anyway at the last minute they agree to sell...lad de da....Next thing they have a lawyer saying that the we DISTRESSED......They didn't know what was going on...WE stole the equity......Alot of ******** to say the least, but they play the system....JUST BE CAREFUL....

Believe me, there are "professional" deadbeats that know how the system works, and will move in for nothing, play you, and end up with six months of free living.

it's all fun and games when you're talking about and thinking of a good name for your business.

I'm also a recent college grad (2 years ago.)I'm new to the REI game as well, but anxious to get started.I wish you nothing but success!

It's not just state law; city ordnances play a huge role.