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Updated 5 months ago,
How do you take out cash flow?
Please excuse me if this is a dumb question. But how do you know what to take out every month from the bank account once the rent checks are deposited?
Let’s say hypothetically the P/I is $8000, the property tax is $30,000 (divided into 4 payments), and insurance is $4000 (one time a year), and the expected random maintenance is $2000 annually?
Rent deposits are $12,000 a month.
Thanks.
It becomes confusing as to what to leave in the bank account for future property tax due/Insurance/maintenence once mortgage is taken account.
What is the formula? What am I not seeing? I’m