All Forum Posts by: Lauren Akins

@Tim Herman That definitely makes more sense when you piece it out like that. I really appreciate you breaking that down for me! Also, for opening my mind up to how I can calculate those items by looking at the warranty etc. This has been a big help.

@Tim Herman Just a little preface: I will be house hacking a duplex and renting out to traveling nurses that usually expect to have all utilities included in the rent per month.

I think that's my main struggle is not necessarily understanding all of the different columns and their meanings. I listen to the podcasts daily and google everything I can, but is still sort of confusing. So thank you for breaking some of it down for me. There is a column for "maintenance & repairs" where I allocated $1200/annually because I thought that was the same as Capex. Also, under the "Revenue Assumptions" at the top, it has "total rent/month" and then "gross rev/month", what is the difference between those two things? I won't have any other revenue from the property besides the rent.

Thank you for reminding me about the 1% rule. I remember hearing that on the podcast quite a few times.

My apologies lol 

Hey everyone! I am a rookie when it comes to real estate investing and Excel. I was thankful that someone was willing to share their spreadsheet with me via the Bigger Pockets Facebook group. I am currently looking at properties that meet my criteria and run the numbers on every one of them. I will be house hacking a duplex. 

So in the "Unit Breakdown" column, I put I will be paying $900 and they will pay $1000. Under the "Total Expenses" column, it says $976. Under "Cash Flow" it says $654. I am utterly confused trying to understand that with me paying myself rent at $900 plus expenses of $976 plus $867 mortgage, am I still coming out on top at $654 cash flow? Also, what is the NOI of $867.

I apologize if these may be stupid questions for some people; I'm truly just trying to learn and understand fully what all these numbers are telling me. Thank you in advance for any clarification or guidance!

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Hey everyone! I am a rookie when it comes to real estate investing and Excel. I was thankful that someone was willing to share their spreadsheet with me via the Bigger Pockets Facebook group. I am currently looking at properties that meet my criteria and run the numbers on every one of them. I will be house hacking a duplex.

So in the "Unit Breakdown" column, I put I will be paying $900 and they will pay $1000. Under the "Total Expenses" column, it says $976. Under "Cash Flow" it says $654. I am utterly confused trying to understand that with me paying myself rent at $900 plus expenses of $976 plus $867 mortgage, am I still coming out on top at $654 cash flow? Also, what is the NOI of $867.

I apologize if these may be stupid questions for some people; I'm truly just trying to learn and understand fully what all these numbers are telling me. Thank you in advance for any clarification or guidance!

Hey everyone! I am a rookie when it comes to real estate investing and Excel. I was thankful that someone was willing to share their spreadsheet with me via the Bigger Pockets Facebook group. I am currently looking at properties that meet my criteria and run the numbers on every one of them. I will be house hacking a duplex. 

So in the "Unit Breakdown" column, I put I will be paying $900 and they will pay $1000. Under the "Total Expenses" column, it says $976. Under "Cash Flow" it says $654. I am utterly confused trying to understand that with me paying myself rent at $900 plus expenses of $976 plus $867 mortgage, am I still coming out on top at $654 cash flow? Also, what is the NOI of $867.

I apologize if these may be stupid questions for some people; I'm truly just trying to learn and understand fully what all these numbers are telling me. Thank you in advance for any clarification or guidance!