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We just started playing the game CashFlow 101 and need to know about when you take a loan from the bank and the bank gives you the money, what do you do with that money? If the property is, let's say $200+passive cashflow do you end up paying the 10% to the bank with the money handed to you by the bank? Doesnt a positive cash flowing property make you money and the total expenses should go down not up? Are we missing something?

2007-05-20 17:47:06 · 1 answers · asked by thirdeye67 2 in Business & Finance Renting & Real Estate

1 answers

Haven't played the game, but listen to a couple of Robert's books on CD. I think the $200 is your profit (TO you) each month.

Give the tithe to your church......:)

2007-05-23 20:14:38 · answer #1 · answered by teran_realtor 7 · 0 0

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