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8 March 2024 | 3 replies
In the most recent court documents, he's claiming he doesn't have an AirBnB or short term rental income.
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11 March 2024 | 11 replies
Could we buy a property > $500k a year out of college with two streams of income?
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11 March 2024 | 21 replies
Unless you plan on purchasing the property with all cash; obtaining any type of financing for a property as a married couple will mean that both of your incomes and financials will be factored into the financing with conventional lending.
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11 March 2024 | 36 replies
Rental income finances everything in all of them including all the custom upgrades and upkeep done mostly by hired hands.
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11 March 2024 | 4 replies
just some things to think about.in addition to the BP family of podcasts, the rental income podcast with Dan Lane is a great podcast and he interviews a lot of medium size landlords who aren't flashy but really know what they're doing.
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11 March 2024 | 5 replies
Sell the land and 1031 into something that produces income unless you have the wherewithal to refinance your 3 SFH and build to rent on the lots and then refi with appreciation.
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11 March 2024 | 7 replies
Now the great thing is that you can also use the other units rents to help qualify if your coming short on income to qualify.
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11 March 2024 | 11 replies
Though the units are collecting income now, there may be issues in the future that come up.
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10 March 2024 | 9 replies
More details:Mortgage (principal + interest): $2930/moProperty taxes: $15K/yearHome insurance: ~$1K/yrCost of home ownership/month: $4280/yr (not counting for any tax deductions related to the interest and property tax)If I account for $20K of interest and $10K of property taxes as an income deduction, then I can reduce the cost by ($30K x 35%) divided by 12 = $875 per month = $3400/mo cost of owning the houseRental income after 35% federal income tax + 9.3% state income tax = $2618/month (!!)