Asking price..850,000GR.....75,600...No vacancy added 10% for vacancy....75600-7560=68,040Expenses...26,879.15...not showing management....Insurance......Gas 
Took 50% of adjusted gross income 
Which equaled..34,020 The cap rate with the price of 850,000 and NOI of 48,721 = 5.7%.

.$1400 Income-$140 Mgmt Fee (%10)-$112 Vacancy (%8)-$210 Mntc/Repairs/Capx (%15)-$915 Mortgage (PITI)I know it's tight but do these numbers look reasonable?  

Hello I was wondering that if I rent my first home out do I pay taxes on my income from rent ??

Unless my understanding of NOI is incorrect.Isn't the Net Operating Income the income generated after expenses are deducted, meaning the cash the owner gets after paying the operating costs.

Some lessons learned, ownership is expensive and time consuming, roommates never want to help with house improvements, and make sure to include the income on taxes.

I have been listening to the podcast and am getting really excited to learn all about the different ways to earn additional income as a real estate investor.

At the very least it is both going to surpass income from my other (2) businesses and for ROI on my time it's the most profitable.  

Buy more cash flowing properties with that to offset any mortgage costs(aka increase income).

Hello all - I recently became interested in real estate investing to generate passive income.

I have been considering an IRRRL on my primary residence to drop the rate on my VA Jumbo loan, but received a flyer in the mail today advertising 100% LTV cash out (appraisal and income verification required) with the same rate I have seen on the IRRRL product.