How do I determine the maintenance percentage for my property?
The maintenance percentage is the maintenance costs divided by the gross rental income. So if your gross rental income was $10,000, and your maintenance costs that year were $500, your maintenance percentage would be 5%. If you're just purchasing the property, you'll have to make an estimate of the maintenance percentage. If you're buying a new property, the maintenance percentage is probably less than 5%, if you're buying an older property, it will have maintenance costs.
INPUT DATA > EVALUATOR
What apps does REAL ESTATE TOOLS provide for income property investors?
PROPERTY TRACKER - PropertyTracker.com is a web-based service that helps you evaluate potential properties before you buy and track the mortgage, income, and expenses for properties that you already own. The first 30-days are free and clients are ...
How do I document Closing Costs in Property Tracker?
The outputs from the "Closing Disclosure Sections B+C+E+H" and "Other Closing Costs and Fixup: Closing Disclosure Sections F+G+ Renovation costs" in the INPUT DATA > PROPERTY section of Property Tracker can be found in the EVALUATE > 1st YEAR ...
What is the Gross Equity Income?
The Gross Equity Income is the sum of the cash flow, the principal payments, and the appreciation. This is the bottom line return on your real estate investment. GROSS EQUITY INCOME = CASH FLOW + PRINCIPAL PAYMENTS + APPRECIATION EVALUATE > 1ST ...
How do I enter a second mortgage in Property Tracker?
To enter a second mortgage in Property Tracker, go to the Mortgage Data input page: 1) Click the Add button on the top of the page. 2) Click the radio button next to Second to indicate that you are entering data for a second mortgage. Then enter the ...
Local vs Long Distance Real Estate Investing
CW 1131 - Listener Question - Local vs Long Distance Real Estate Investing Jason takes a question from Mike who is a longtime Creating Wealth listener and income property investor in Phoenix regarding Mike's hesitation to invest in real estate ...