ilmscore | Prediction Details
"you take your rental income then you subtract your property taxes your insurance your maintenance costs because I don't care how nice a property is you always want to factor in some maintenance costs subtract your management fee even if you're not going to manage your property yourself add in a management Factor add in a management cost"
By Minority Mindset | October 25, 2024 | Pending
From video
How to Live Off Rental Income: The Real Estate Wealth Formula 00:08:21 - 00:08:43
Interpreted Prediction
A formula for calculating real estate profit involves subtracting property taxes, insurance, maintenance, and management fees from rental income, even if self-managed, to account for potential future management costs.

Prediction Details

Topic
Real Estate Investment Profit Calculation

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