Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Melanie Nash
  • Port Saint Lucie, FL
1
Votes |
7
Posts

own 2 houses lost my job

Melanie Nash
  • Port Saint Lucie, FL
Posted

New to this. I own 2 houses outright in Florida. I live in one and rent out the other. I have a property manager who takes 10% a month.  I was working full time till last week then unfortunately lost my job. Question, can I live off the income. I currently pay insurance and taxes and am up to date but without my job income I will have to start using the rent income to survive till I get another job which in Florida is hard to get full time.  Any answers appreciated.  Thank you.

Most Popular Reply

User Stats

1,469
Posts
817
Votes
Troy Fisher
  • Specialist
  • Kirkland, WA
817
Votes |
1,469
Posts
Troy Fisher
  • Specialist
  • Kirkland, WA
Replied

Why wouldn't you be able to live off the rent income?  Where does the money from the rental go now? The only thing that would prevent you from that is if the property is held in a retirement vehicle.

Loading replies...