
2 January 2025 | 50 replies
Yes the average American income is barely $60,000 and most of people on bigger pockets make more than that and a lot of people make that much in a month.

23 December 2024 | 15 replies
Do I want something a bit more active or passive (how much time do I want to spend on this property or property project) That should start help you narrowing things down a little and once you're clear on all of that you'll have different criteria to overlay on when looking at deals in Perth/Melb/USA to fitCheers

29 December 2024 | 253 replies
Some questions I have.1) Do you make enough from your houses that you can not only replace your income but also make enough that you can continue investing in real estate?

8 January 2025 | 29 replies
While Section 8 appears to promise "guaranteed" income, the reality is quite different.Section 8 typically covers about 80% of the rent with tenants responsible for the remaining 20%.

27 December 2024 | 19 replies
If the higher end rent prices on comparable units take an extra month to fill the vacancy and also the tenant stays 1-2 years instead of 3-4 years on average those landlord make LESS income charging that rental price ESPECIALLY if they pay a PM a placement fee upon turnover on top.

25 December 2024 | 8 replies
If you are still willing to stay in the same unit as your brother you can get a 2-4 unit building, rent out the other units and still rent a bedroom within your unit to your brother for extra income.

26 December 2024 | 6 replies
Income taxes are a lot higher on rental income.

24 December 2024 | 3 replies
You likely will max out before 10 though as the average person with average income will have difficulty qualifying after a few loans because of things like the DTI (debt to income ratios).

26 December 2024 | 18 replies
What started as a promising BRRRR ended with us making the tough decision to sell at a loss after an unexpected disaster.The Numbers:Sold for: +$230KPurchase Price: $115KClosing Costs: $3KRehab Costs: $105K ($49K original rehab, $56K additional repairs due to the car crash)Holding Costs: $31K (12 months)Selling Costs: $16KInsurance Claim Recovery: +$25KNet Income: - $16KWhat Happened:This was supposed to be a BRRRR.

24 December 2024 | 14 replies
This will allow you separate business income and expenses from personal income and expenses.Since you plan to house hack your bookkeeping and tax return preparation will be more complicated because a percentage of your home expenses will be personal deductions and some will be business deductions.