All Forum Posts by: Desmond Price

Great! Hope to see you there. 

Thanks to all who responded. Its disappointing that a rental will not have any tax benefits. I'm stuck in CA for at least another 3 years.  

This is W2 income and I dont currently have any rental properties. I thought a rental would reduce my tax liability but perhaps I am mistaken. 

Hey guys,

Im trying to get an idea of how much a rental property could help with offsetting income taxes. Im looking for a SFH here in SoCal to rent out long term. The purchase price is 250,000 and the rental income is 1,800. My tax bracket is 44% (33% federal and 10% state). Is there a ballpark figure or method of determining this?

Thanks!

Hello fellow investors, let's organize a meet up of local investors to discuss the market and share ideas. 

When: 10/14 (Saturday) 10:30am

Where: Starbucks- 5897 Lincoln Ave, Buena Park, CA 90620

Whos interested??

@Gabe C. I guess I missed the leveraging concept that I wouldnt get in the stock market. 

@Michael Johnson I'll DM you.

Thanks to all who provided input.

@Mo Farraj The stocks I was referring to were low-risk index funds with 16% annual returns, not single companies like Toys R Us.

@Ali Boone Where I live in the OC, a rentable 3/2 SFR costs $550,000. That's a $3,200 mortgage while 3/2 SFR rentals are being listed for $2,700-$2,900. For that reason, I was looking at turn-key companies in the Mid-West.

@Michael Johnson Thanks for the number breakdown. That makes sense but the only $150,000 homes I have found are from turn-key providers in the Mid-West and I'm in the process of educating myself on using that strategy. Most recently, with the latest trending post asking about turn-key companies. Any suggestions if I wanted to stay in SoCal?    

Hey guys, obviously I'm new to REI and trying to understand REI vs investing in the stock market. I have been focusing on SFR to buy and hold and I don't see the returns I do in my stock market portfolio (up 24% YTD). The S&P 500 Index is up 16.23% this year and up 100% in the past 6 years. What am I missing in regards to the BRRRR strategy? The properties I see have a cash flow of $100-$200 for a $150,000 property and I dont see the benefit vs risk. Thanks for any insight or suggested reading (in addition to Brandon's book on rental property investing).