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Austin Works
  • Investor
  • West Monroe, LA
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Budgeting RE Like A Business

Austin Works
  • Investor
  • West Monroe, LA
Posted

When treating REI (rental properties specifically) as a business, do you take all of the net cash flow as owner draws or do you treat this like a regular business and take say 30% of net profit as owner draws?

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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
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Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied
Originally posted by @Joe Splitrock:
Originally posted by @Joe Villeneuve:

Yes,...no,.....maybe.

 That is really specific, general and vague advice. 

 LOL.  yep, and in that order, it was based on the question being really specific, general and vague.

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