I use a very basic investment property worksheet that I acquired from Tom Lundstedt a few years ago. It’s simple and I can pencil out figures right in front of people so they can see how the numbers work (or don’t work) on any prospective rental property.
Yes. Yes. I know. I too have used those fancy computer generated investment model programs. But they are so stale and the sometimes you can’t see how the numbers were derived. So I like this better. And I fully realize that many real estate investors have many different formulas. Funny thing is that the successful real estate investors may have different formulas but always end up with about the same calculations.
For the first time, I’m sharing a sample. I always worried about sharing it. But after years and years of investment property experience I realize it’s just a paper without the knowledge that goes with it. So enjoy.