27 November 2024 | 7 replies
However, if I earn too much “earned income,” I risk losing these essential benefits.That’s why I’m exploring real estate and the stock market, as these generate “unearned income” and allow me to maintain my benefits while building financial security.
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5 December 2024 | 554 replies
Asic miners are also more efficient by the generation.
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5 December 2024 | 37 replies
You need a huge amount (of stabilized) real estate to generate the same cash flow as your W2.
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30 November 2024 | 11 replies
Tenant also does a good job keeping the place inside clean.3.
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4 December 2024 | 17 replies
You may have to pay an agent to make all these lowball offers, otherwise they may get tired of you wasting their time.3) What can you do to your current house to generate cashflow now or more in the future:- Finish the basement as a separate unit?
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28 November 2024 | 13 replies
My monthly fees are as follows (handyman inspection $125, Cleaning $270 a turn (I collect this from guest), TAT&GET (collected from guest) Property Taxes, Insurance (I highly recommend you price this out, with hazard I pay $1,200 a year), internet/cable $100, Electricity $300 a month, AOAO dues $900 (association fees are increasing minimum 5% a year).
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7 December 2024 | 14 replies
Even at retail, if you're paying 500k, they're generating 50k to 60k a year in gross rents by year 2.
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26 November 2024 | 21 replies
Vrbo has free price automation software.I use Excel for book keeping.I don't pay for any third party software, not really needed on 1 or 2 properties.I charge a little extra for cleaning fee than actual cleaning costs.
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27 November 2024 | 7 replies
You may run into issues trying to take a HELOC out on an investment property, and even if you can I doubt you'd want to use it for a down payment for a primary because the rates are much higher.What kind of cash flow would you be generating from your multi once you move out?
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26 November 2024 | 12 replies
I would forget about growing the portfolio and generational wealth until your husband finds a job and you reduce your credit card debt.Credit card debt has interest rates above 20%, there is a strong case that your rentals are not generating a 20% return.