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re: Could you help me understand taxes and my rental property?

Posted on 3/11/16 at 10:06 am to
Posted by SouthOfSouth
Baton Rouge
Member since Jun 2008
43476 posts
Posted on 3/11/16 at 10:06 am to
quote:

My tenants pay $1250/month for rent, and my total mortgage payment (including taxes, insurance, PMI, etc) is $1120.


How could you think you were pulling a profit with this plus $2k in repairs???

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