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Updated almost 15 years ago,

Charles Player's profile image
Charles Player's profile image
Charles Player
  • Real Estate Investor
  • from auburn, Georgia
  • Member since Mar 22, 2009
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Charles Player's profile image
Charles Player's profile image
Charles Player
  • Real Estate Investor
  • from auburn, Georgia
  • Member since Mar 22, 2009
Connect
Charles Player
  • Real Estate Investor
  • auburn, GA
0
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24
Posts
General Landlording & Rental Properties

Income for rental property?

Charles Player
  • Real Estate Investor
  • auburn, GA
Posted

I have a question for you guys. I have a rental that the mortgage is $727. I rent it out for $930, thus producing a $203 profit each month so to say. When I state my income on anything from applications for loans to whatever, do I state $930 x 12 mos which is $11,160 or $203 x 12 which is $2436? Thanks in advance

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