If you’ve been following along, you’ll remember that last week’s series was all about that “insider” advantage for investing in real estate. Last Friday, we left you with the second of a series of worksheets to help you in getting a better grasp on financial matters before jumping into the real estate market.
Today’s worksheet will help you in seeing of any potential sources of non-borrowed income that you earn in a year.
Revenues
Salary/commission ______________
Referral fees ______________
Bonus ______________
Dividends and interest income ______________
Loan payments receivable ______________
Rental Income ______________
Annuities receivable (pension, etc.) ______________
Home-based business (eBay!) ______________
Other: _______________________ ______________
Other: _______________________ ______________
Total Revenues +______________
Less Expenditures:
Office or Desk Fee ______________
Technology acquisition,
education and maintenance ______________
Assistant or temp help ______________
Postage ______________
Printing ______________
Car expense ______________
Office supplies ______________
Personal consumption ______________
Shelter (rent or mortgage payment) ______________
Food ______________
Transportation ______________
Clothing ______________
Energy ______________
Entertainment ______________
Insurance ______________
Repairs and maintenance ______________
Un-reimbursed medical expenses ______________
Charitable and other contributions ______________
Real estate tax on home ______________
Other schedule C expenses ______________
________________________ ______________
________________________ ______________
Subtotal – Personal & Business Consumption: – ______________
Less contractual obligations:
Child support/alimony ______________
Mortgage pymts. (excl. residence) ______________
Car loan payments ______________
Installment debt ______________
________________________ ______________
________________________ ______________
Subtotal – Contractual Obligations -________________
Taxes:
Federal income taxes ______________
State and city income taxes ______________
Social security ______________
________________________ ______________
Total taxes -________________
Total expenditures -________________
Equals your amount available for annual investment: $ (C)
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