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when calculating your ROI on a rental property - do you eliminate the principal portion of your mortgage payment since you are essentially paying yourself?
For example:
Purchase Price: $174,000
Mortgag...
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I just got back from day 2 of the Rich Dad seminar taught by Elite Legacy Education. Our instructor Trevor Evans showed us what they call "Double Principal" payments. This is NOT the same as paying two mortgage paymen...
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Hi everyone! As a total newbie, I'm trying to figure out this game and am confused about how much and when do you have to pay income tax on a rental property. If I collect $1000 in gross monthly rent, that's $12,000...
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First year in note investing and looking forward to end of year accounting. I trying to find a CPA, preferably, in Gainesville, FL area and trying to have some screening questions to ask them.Background: l purchase a...
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I am having some issues figuring out to calculate how depreciation affects my tax for a rental property. I have an example below. Is it correctly calculated correctly?
Example:
Purchase price: $1,500,000Rehab: $100,...
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Hi All, I have mortgage from WellsFargo tell me that even if I pay additional payment to principal won't decrease the mortgage payment. is this true? They said minimum payment to be adjusted has to be $20,000 and they...
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Hello everyone, hope you’re all safe and healthy.Does anyone have an excel sheet or a software they can share for amortization schedule that reflects monthly change in principal/interest payments based on extra monthl...
When calculating NOI or any of the other metrics that are used to determine whether a rental investment is worthwhile, why isn't the principal contribution in the mortgage ever considered as earned income?
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Doing some year end math and I'm looking back across the last few years. On a SFH the second year the cash flow to taxable income on my sch E was .39. It jumped to .81 and .84 the next two years (if I did my quick cal...
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I own this paper and the borrower made a solid offer to start paying $6000 up front and $700/month. He has a 6-figure income and can afford it. Here are the other numbers:MV = $50k and decliningUPB + arrears = $211k...