Just laid-off

[Jai Reddy]

Was laid off yesterday through a reduction-in-workforce at an Oil & Gas company.

Did some math, and after cutting house cleaning and childcare expenses, I need to bring in $30,000 in after-tax rental income (depreciation EXCLUDED) to match my W2 job's take home pay.

Thanks to what I learnt at Bigger Pockets, I will liquidate my low performing SFR in Wisconsin (0.4%) and invest in higher yielding (1+%) rentals in my area and easily make up the $30K. If I factor the depreciation offset on my taxable income, I would actually exceed what I brought home from my W2 job .

I get to work my own schedule, invest in my kids development, become a gourmet chef at home.

Wohooo!