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Updated about 9 years ago on . Most recent reply

Yvonne Mitchell's profile image
Yvonne Mitchell's profile image
Yvonne Mitchell
  • from Gray, Louisiana
  • Member since Sep 15, 2015
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Yvonne Mitchell's profile image
Yvonne Mitchell's profile image
Yvonne Mitchell
  • from Gray, Louisiana
  • Member since Sep 15, 2015
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Yvonne Mitchell
  • Gray, LA
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General Landlording & Rental Properties

Passive income

Yvonne Mitchell
  • Gray, LA
Posted

Hi everyone! I'm new to real estate and I had some questions. I wanted to know what would be the average percent that you would go up on rent if you was to subject to a deal to a tenant? Example: mortgage-800 so should I rent for 1000 or 1500. Also, should I set up an account just for rental income? Should the income be under a LLC?

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