Projecting income, expenses, capital expenditures, and debt services for the next 12 months is crucial for several reasons. Firstly, it allows you to anticipate future financial needs and challenges, enabling you to plan accordingly. Secondly, it provides a clear picture of the property's potential profitability, which is essential for decision-making. Lastly, it helps in identifying areas where costs can be reduced or income can be increased, thus improving the overall financial health of the property.
Real estate can be a great addition to an investment portfolio. But as with any investment, it has t...
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