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Updated almost 8 years ago,
How to determine the price you pay for taxes and other expenses
Hello BP,
I would like to ask some newbie questions,
*Is there a typical percentage you pay on taxes for the profits you make from your rentals? If so, how would I determine how much I will be paying in taxes to budget for.
*Also does the tenant pay for their own water, electric bills or do I have to cover that?
Thank you in advance!