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Post by c0nfuzed on Feb 5, 2020 13:50:14 GMT
Hi - probably a daft question but how does PP fund the mortgage payments on leveraged properties? And what is likely to happen to our investments if PP defaults?
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Post by longjohn on Feb 5, 2020 15:25:13 GMT
Hi - probably a daft question but how does PP fund the mortgage payments on leveraged properties? And what is likely to happen to our investments if PP defaults?
Go to the bottom of a property page to the financials section, click the rental income breakdown and then the arrow next to the costs. This will show you what the gross rent is spent on before you get your share. As well as the mortgage there is provision for insurance, repairs, voids and tax etc.
No idea about the second question.
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