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Updated over 13 years ago on . Most recent reply

Account Closed
  • Accountant
52
Votes |
119
Posts

Income Reality

Account Closed
  • Accountant
Posted

For some this may be a "hush-hush" topic, but for others it may not.

I'm looking to hear everyone who has been landlording for a few years to respond to this to help the community get a better guage on the REALITY of income and growth potential with landlording. It seems everyone "knows someone" or heard a guru spew figures out but I want to see it from the source.

Questions:
1. How long have you been a buy and hold investor

2. Do you primarily finance or buy cash? If finance, what % of the purchase price do you shoot for.

3. What is your monthly (or annual) income net after expenses and taxes? I'm not talking appreciation, etc. I'm talking every month, after you pay all expenses related to your investing business, how large of a check could you write.

4. How many properties do you have? Are they primarily residential, commercial, or a combo?

If you're uncomfortable answering that, that is fine. I may not get any answers but thats ok! You can ballpark the income if you want (4 figs, 5 figs, 6 figs, 7 figs, etc) to be more discreet.

Thanks!

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