Re: SUCCESS STORY: Diane Kennedy–DKA, TaxLoopholes
Diane - Very glad you joined this board; I like your work. Question regarding net worth - when you have investment properties do you subtract the amount owed on them when calculating net worth? (example; a $1m in investment properties, with $400K in equity; $600K debt). Some people continually re-finance to acquire more (as I'm sure you know!)
I know this is a topic that gets debated a lot; and I'm curious to hear what your view is.
Thanks in advance.
Kevin S.
Orchard Park, NY
(Go Bills!)
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