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Updated about 5 years ago,
Showing Investement Income on BRRRRing A Property
Hi Y'all I bought a quadplex last year with a traditional 20% down spent about $25,000 on renovations and increased the rent from $3,800 to $4,800. How should I go about recording this income from my property in order to set myself up to be able to buy more properties in the future. I show a net gain of $0 or show that I made $2,000 a month in cash flow. Not looking to refi out or anything. Would appreciate any advice on this. Thanks in advance for the feedback.