3 ms·
You'd account for the debt, as well as the value of the property. Liabilites: $800k loan Assets: $1M property $0 cash Net worth: $200k
by sndp 9y ago
You'd account for the debt, as well as the value of the property.
Liabilites:
$800k loan
Assets:
$1M property
$0 cash
Net worth: $200k