haddockc4172 haddockc4172
  • 03-03-2022
  • Business
contestada

Karl purchased a second, larger home in which to live. He has decided to rent his first home out for $1,500 a month. His mortgage on the first home is $1,250. Is this an example of passive income?.

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roseghosts111 roseghosts111
  • 03-03-2022

Yes, this would be an example of passive income

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Herula
Herula Herula
  • 03-03-2022
Yes it would be because he’s gaining 250$ from renting out his original home
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