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April 13, 2024

Prepare a 12-month income and expense projection

Prepare a 12-month income and expense projection for your Adult Family Home.

What income can you realistically expect the first month after licensing? Second month? Third, and beyond?

What do you expect your expenses will be?

What if I don’t know my mortgage payment yet?
Estimate your future mortgage payment from the loan amount you plan to borrow to buy your AFH, or
This might be a Home Equity loan you used to remodel an existing home; what is the monthly payment?

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