So the affordability was worse for financed properties in the 1980s but the income was higher compared to that cost than now.This may be worse cash flow market ever but value adds can produce large sweat equity, alternate rent models (rent by room, STR, MTR, etc) has never been easier, education has never been easier, there are other RE options other than residential.  

If you operate an STR, gross income is your total rent paid by your guests, before any subtractions.To figure out your taxes, you take this gross income and subtract from it all allowable business expenses: marketing, education, technology, licenses and fees (including Airbnb and credit card fees), office expenses, business driving and so on.

So I would educate them on the fact that they were given a gift for many years, and now that you have finally chosen to raise rents to market (so that you can make the profit that you deserve) they will have to wait for a year so that you can put aside some of your new (and well deserved) rent increase to pay for their nrew floor.

@Jaiden YoungWelcome and nice work on getting started with your self-education!

I have been doing research for a couple months now and I feel a lot more educated than I did before.

I have been doing research for a couple months now and I feel a lot more educated than I did before.

Education is always a good thing.

All posts have a common theme - they’re based on the posters PERSONAL experience, beliefs, and real estate education/knowledge.  

. 📚 Educational Resources – Passive Investing 101 course, ebooks, articles, podcast episodes, resources, and more.  

Yes - I believe that odds are better at making an NFL roster than sustained modest six-figure success in wholesaling.Most of this industry is filled with broke no income no job, no assets types who paid a large educational fee to one of the ~5-20 major gurus in the space and will never make meaningful income.