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Reply to "If you have rental property, how much do you make every month?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We are in he negative every month wrt mortgage and fees. However we make up for it at tax time :)[/quote] How? How can you write off the loss of you aren't in the real estate business and make more than $110,000 a year?[/quote] I would assume s/he is depreciating the property.[/quote] But even if you depreciate, you can't offset anything but rental income right? I don't own any rental property, but it doesn't seem worth the effort of dealing with tenants if you don't make any money. [/quote] I don't own rental property but I would think the main draw is the tenant paying the mortgage and building up your equity for you.[/quote]
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