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Updated 5 months ago on . Most recent reply

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4
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Don G.
1
Votes |
4
Posts

Gross vs net income: how are these numbers?

Don G.
Posted

Eight total doors in Indiana. Gross annual rental income is $88,140. After insurance, tax, mortgage, and pm fees, net income is $40,057. 
$24,540 annual in annual interest to the bank. That’s a lot of money to give away. 
How bad is this deal? Still learning.

  • Don G.
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