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Updated almost 4 years ago on . Most recent reply

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Deone Doctors
14
Votes |
45
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Unemployment Benefits and Rentals / Flips

Deone Doctors
Posted

The way I understand it, rental income does not affect unemployment Benefits, particularly if you are reinvesting it and not paying yourself.

But, with the market the way it is in Oklahoma right now, I'd be crazy not to take advantage.

Would selling a 1 year old rental now cause me to lose unemployment?

If not, where's the line? I have 2 more deals on standby that I'll be able to pull the trigger on if this one sells...

At least one of those would be a fix n flip.

I've searched all over the web and read all the fine print in the unemployment, but this seems to be a very grey area.

Most Popular Reply

User Stats

45
Posts
14
Votes
Deone Doctors
14
Votes |
45
Posts
Deone Doctors
Replied

I don't think that's the case.  A rental property is an asset.  If I have dividend stocks, bonds, or am earning a return on crypto (defi/staking/etc), none of that is disqualifying.

Assuming managing my rentals didn't prevent me from working a full time job (thus qualifying as self employment), it shouldn't matter.

There is a lot of anecdotal tales out there, but I can't find anything concrete, which is what I'm looking for.

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