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California Real Estate Q&A Discussion Forum

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Kyle Tolbert
  • San Jose, CA
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Mortgage Notes count as income?

Kyle Tolbert
  • San Jose, CA
Posted May 22 2018, 06:45

Hello,

I just sold one of my property and carry a note "$750K" with 8% interest rate. So the buyer is paying me $5,500 a month for 30 years. I just had the notes for couple of months.

Does this count as my income, just incase I need to buy another property?

Thanks

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