landlord 101

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How can your property be an "asset liability"?
That's an oxymoron.
It is an oxymoron. Because you’ll never own it even if it’s paid off. So could you truly called it an asset. Don’t pay your taxes it gone. In order for it to be a true asset I need to 100% without leverage from government or anyone else out right own it. So call it whatever you want. I should call it asset with liabilities.
 
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