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General Landlording & Rental Properties

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Ryan Dukelow
  • Real Estate Investor
  • Richmond Hill, Ontario
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7
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Calculating Cashflow

Ryan Dukelow
  • Real Estate Investor
  • Richmond Hill, Ontario
Posted Nov 28 2014, 15:23

So I'm ready to buy my first SFH rental, but I'm struggling with a few things. I want to know what expenses I MUST account for when calculating rental income minus expenses. (Tax, Insurance, etc.) Also, how do I know what some of those numbers will be? I have a property I've been looking at and I know that tax on it was 2,000$ last year.. what else do I need?

I'm excited to here back from you all at BP, keep in mind I've done a lot of reading and homework, but I'm kind of freezing when it is starting to become real. I want to keep my drive going, which is why I decided to ask for help!

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