Goal Setting Worksheet:

• Short-term vs. long-term goals (e.g., buy a rental property within 6 months, retire in 10 years with passive income).
• Desired outcomes (cash flow, appreciation, portfolio size).
• Milestones (first property, cash-on-cash return targets).
• Creating an action plan.

Property Evaluation Checklist:

• Property details: Location, size, condition.
• Price vs. value: Asking price, comparable properties (comps), estimated value.
• Inspection checklist: Plumbing, roofing, electrical, foundation.
• Local market analysis: Vacancy rates, appreciation trends, neighborhood demographics.

Investment Analysis Worksheet:

• Recording of purchase price, closing costs, down payment.
• Monthly expenses: Mortgage, taxes, insurance, maintenance, utilities.
• Income: Rental income, other potential revenue (laundry, parking).
• Cash flow calculation: Monthly income – monthly expenses.
• Return on Investment (ROI), DSCR, Cash-on-Cash Return, Cap Rate calculations.

Financing Options Comparison Sheet:

• This Financing Options Comparison Sheet allows you to clearly evaluate and compare multiple loan options based on terms, fees, and other factors. Use this to make an informed decision and secure the best possible financing for your investment property.

Renovation Budget Planner:

• This Renovation Budget Planner will help you stay organized and on budget throughout your renovation project. Regularly update the actual costs and timelines to monitor progress and ensure your investment generates the highest possible return.

Property Management Checklist:

• Tenant screening criteria: Credit score, income, background check.
• Maintenance tracker: Scheduled repairs and maintenance (e.g., plumbing, HVAC).
• Rent collection and accounting: Rent due dates, late fees, and payment records.
• Lease details: Lease start and end dates, security deposit.

Deal Comparison Worksheet:

• This table allows you to directly compare multiple properties across various categories, helping you identify the best investment opportunity at a glance. Simply fill in the information for each property to perform a side-by-side analysis.

Monthly Cash Flow Tracker:

• Rental income received.
• Monthly expenses: Mortgage, utilities, repairs, property management fees.
• Net cash flow.
• Year-to-date total income and expenses.

Tax Deduction Tracker:

• This worksheet is designed to help you track and organize expenses that are tax-deductible for your real estate investments. Properly tracking these deductions can help you reduce your taxable income and save money during tax season.

1031 Exchange Worksheet:

• This worksheet is designed to help you plan and track a 1031 exchange, which allows real estate investors to defer capital gains taxes by reinvesting proceeds from the sale of one property into a “like-kind” property. This worksheet will guide you through each step of the 1031 exchange process, from identifying properties to completing the exchange within the IRS-mandated timeline.

Exit Strategy Worksheet:

• Options: Hold and rent, sell, refinance, 1031 exchange.
• Financial impacts of each option (cash-out, taxes, profit/loss).
• Future projections: Appreciation potential, rental market outlook.

Legacy Planning Worksheet:

• List of properties with current values and mortgage balances.
• Transfer methods: Living trust, will, gifting, etc.
• Consideration for tax impacts and legal structures.
• Instructions for managing the properties post-inheritance.