I bought a house for 70k and 55k in cash. How can I get this fund back to pay my debt ?
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The amount paid for the rental properties is recovered over their useful lives by taking depreciation on them.
It is great paying a large amount of cash for them, however the recovery of the cost of the asset is only recovered through depreciation taken.
The amount paid for the rental properties is recovered over their useful lives by taking depreciation on them.
It is great paying a large amount of cash for them, however the recovery of the cost of the asset is only recovered through depreciation taken.
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