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Inherited a 7 house property management company with low income, but high asset value. Is it worth keeping around?
Inherited a 7 house property management company with low income, but high asset value. Is it worth keeping around? Basically, rent totals are $106,356.00 at suggested rents. Yearly Mortgages $29,727.48 with $233,401.01 due total at $1,154,900.00 total house evaluation. Property taxes are $6,663.72 with insurance around $8,000 a year.. so that leaves me with $61,964.80 profit yearly, roughly if I market rent adjust. If I don't (as of right now): $33,548.80. L...
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