When is buying a house and renting it out a profitable venture?
a. Renting is profitable only when one has enough money set aside to pay for the house in full.
b. When the rent money coming in is more than the monthly mortgage, taxes, and maintenance, rental real estate is profitable.
c. Renting a house out is profitable if one does not require a contract or cost of utilities.
d. Renting out a house is only profitable when one has more than three properties for rent.
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “When is buying a house and renting it out a profitable venture? a. Renting is profitable only when one has enough money set aside to pay ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Inventory cost flow assumptions address accounting issues when a. different units of merchandise are acquired at the same unit cost during the period. b. an item is purchased and it is necessary to determine its cost. c.
Answers (2)
During the month of July, Clanton Industries issued a check in the amount of $845 to a supplier on account. The check did not clear the bank during July.
Answers (1)
Suppose a state passes a minimum wage law that increases the minimum wage from $5/hour to $20/hour. The equilibrium wage prior to the minimum wage hike was $10/hour. Which of the following is likely to result from the minimum wage? a.
Answers (1)
On the statement of cash flows, the sale of long-term investments for cash is an example of: a) cash inflow in the cash flows from financing activities section b) cash outflow in the cash flows from financing activities section c) cash inflow in the
Answers (1)
Why would you put money into a savings account
Answers (2)
New Questions in Business
ManyEEs Inc. is a private consulting company that did not effectively forecast its HR staffing needs or the consumer demand for its services. On January 1, 2018, ManyEEs Inc.
Answers (1)
The use of long-term savings to earn a financial reward is called
Answers (1)
When megan purchased several bottles of pepsi beverages and snacks to bring to her family's holiday celebration, it represented the purchase of?
Answers (1)
June Daye lives in the southern part of Alabama where winters are normally fairly mild. Last January, during an unusually cold spell, the water pipes in her house froze and burst.
Answers (1)
A coffee merchant sells a customer 5 lb of Hawaiian Kona at $9.50 per pound. The merchant's scale is accurate to within ±0.03 lb.
Answers (1)