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Assuming income = revenue - expenses, he should be glad it's not negative. Many people lose money on rentals.
by cheez 15y ago
Assuming income = revenue - expenses, he should be glad it's not negative. Many people lose money on rentals.
- ryanmarsh 15y agoCheez, don't hate. Rental property is great. You just have to follow a few common sense principles. It's not magic. The people that get fked are the ones that speculate and flip houses, that's not real estate investing, that's gambling.
- cheez 15y agoI'm not hating, merely pointing out that $1000 profit is not unheard of for someone just getting started.