Yes that is correct. You bought a house took mortgage on it. But as soon as you are done paying your mortgage this liability is now an asset for you if you rent out the property. Cheers
You are viewing a single comment's thread from:
Yes that is correct. You bought a house took mortgage on it. But as soon as you are done paying your mortgage this liability is now an asset for you if you rent out the property. Cheers
Sharpy example to explain the subject.