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The Income Expense Spreadsheet for Rental Property Trap
As it's a spreadsheet, you can do whatever you want. You'll have to locate a way to produce your spreadsheet accessible. The spreadsheet is intended to do a great deal of the simple work for you, while being customizable. You are able to locate other spreadsheets that give a more thorough investment analysis (for instance, 10-year cash flow projections).
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The spreadsheet is located on the FDIC site. It is going to also tell you just how much tax that you will pay on the home depending on the budget tax changes, particularly Section 24 mortgage interest relief. Our gambling pool spreadsheet is extremely straightforward to use.