All Forum Posts by: Matt M Antonio

So Principal and interest, and mortgage insurance should be excluded? or technically mortgage insurance is not debt expense   

But this helps a lot!! Thank you Jeff. Now my follow question is what is the rate I should be at? (I know it depends on the market but what if I live in Washington State). What determines the which cap rates are the best for your market? The higher the number the better I'm assuming. 

I been seeing a lot of articles/YT Vids with different ways they calculate their net operating income and capitalization rate. I will give a screenshot with numbers below and see how your conclusion varies. 

Two questions:
1. What is your NOI? How did you calculate it?
2. What's is your Cap Rate? How did you calculate it?

Purchasing Price of $280,000

@Kevin Zolea@Kevin Zolea@Kevin Zolea@Kevin Zolea

@Kevin Zolea Thank you and I will add that to my reading list!

Today, I finished reading the book and I tell you what, I'm proud of myself! Now, it's time to take action...

Even though it's not letting me change my profile picture ( I think there's a bug in back end), that don't stop me for making my VERY FIRST POST here in BiggerPockets. 

My journey to a multi-family started when I read "Rich Dad, Poor Dad" and now reading the "Rental Properties Investing" by Brandon Turner. I contacted multiple local property managers, local investors, and even my own property broker of the apartment I live in, still ZERO conversion. I know what my real estate goals are and I'm very focused. I like taking risks because I know how to manage them. I have one fear, that is regretting not start my real estate journey, and I have one goal in life, walk up every morning to not go to my 9-5 job. SO, I want to know, what helped you purchase your very first rental property?