This is to cover common areas)Utility ExpenseElectricity Water GasSewerTotal Utility Expense = 3.1%SuppliesApartment cleaningCarpet cleaningExterminationGroundsPaintingPlumbingOther Maint/RepairsGarbage /Trash RemovalHeating and Cooling RepairsTotal Operating & Maint exp = 16.6%Real Estate TaxProperty and liability insuranceTotal Taxes = 8 .1%Net = 57.9%

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Should I make enough at work to cover my mortgage and the investment property's?

I've been analyzing the numbers from the example deal from the Bird-Dogging 101 article here:http://www.biggerpockets.com/articles/bird-dogging101rb.htmlI'm using a spreadsheet, and I can't seem to come up with the numbers that he has mentioned...specifically the "Additional (Not covered by loan) expenses: $7,500.00"My understanding of this figure is that it is the difference between the loan amount, and all of the expenses.The loan amount was $105,000, and the expenses were each of the following:Acquisition Cost: $7,500.00Repairs (estimated) : $9,000.00Four month Average.

If the $1600 is covered with adequate return on the down stroke and the condo is ready to go (move-in condition) and the neighborhood bodes well for appreciation what is the concern?

I had planned on purchasing another invest prop soon, but don't know if I will be able to now if I am not allowed to show that the payment for my rental not only is covered by my tenant, but I have a positive cash flow.This seems like a big problem for beginning investors, as most of us don't have the money to pay cash for properties.

I'm making 12-16% on them and I DON'T NEED the cash I could gain from selling them, so don't bother posting back about how you can cash me out.Pay $50 or so to your local junior college and take a finance course that covers government and corporate bonds.all cash

Hello Daniel,The reason that the HML ask for 20K per 100K is because there are upfront fees and points that need to be covered.

Depends on the size of the house, how much of it you're covering, quality of the material and your labor costs.

I suppose the obvious goal would be to try and cover our monthly mortgage payment, and then some, but it's a pretty hefty monthly nut, and I don't know how easy it's going to be to cover it.