Posted by Rolfe Mpls/StP on March 16, 2000 at 01:07:05:
This post may have nothing to do with the book you referenced, but I wanted to take a shot at getting the angels.
I can make money 4 ways w/REI.
- Cash Flow
- Tax Savings via Depreciation
- Mortgage Principal Reduction via mtg payments.
- Appreciation in spite of Greenspan.
Gross Income - Vacancy & bad debt = Effective Gross Inc
Effective Gross - Expenses = Net operating Income.
Net Operating Income - Debt Serv = Cash Flow Before Tax
The CFBT must meet my criterea to go any further.
At your descrection, add Pricipal buy-down, tax savings on other income (through depreciation), and appreciation.
Good Luck; Rolfe