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How do I calculate a apartment building investment cash flow after taxes or before taxes?

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boss asked: I am going to invest in a apartment building using a loan.
Is it the noi-annual debt service-annual mortgage payments-the annual loan paybacks-income taxes?
If this isn’t right, then please provide the proper way of determining my actual annual profit [...]

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Tips to Reduce your 2006 Income Taxes in 2007!

Patrick O’connor asked: Income taxes are a substantial burden for business owners and real estate investors. There are few actions which can reduce your 2006 taxes after December 31, 2006. This article summarizes four options for reducing your 2006 federal income taxes during 2007. These include reducing revenue, increasing real estate depreciation, increasing expenses by [...]

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