How much money do you make?
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Anonymous
Wow, that sounds pretty cool! Travel is paid by your bosses right? Which countries do you get to go to? |
Anonymous
| 90K with full pension UNION Montgomery county sr school janitor |
Anonymous
CFTC. SEC. |
Anonymous
DC area IFIs: IMF, World Bank, Inter-American Development Bank IFI salaries are tax free by their Articles of Agreement, so the US doesn't tax the salaries of foreign nationals "G4" visa holders who are employees of IFIs in the US, and in most cases there is also no liability in the home country either. The salary is more accurately 'net-of-taxes' not 'tax-free' as US citizens who are employees owe tax, but receive a tax allowance to cover taxes (they file as self-employed). |
Anonymous
A janitor makes $90K, that's really good. Worth not going to university and getting loans etc. if you can make that? |
Anonymous
I posted earlier (95k, 30 years old, MBA, Federal Program Manager) and we have $28,000/year in rent income. It's just one property - a condo in a popular area in DC. I don't think it would be hard to have 30k/year in rental income on a single property in DC. |
Anonymous
New Poster- The 28k income doesn't account for the expenses of the rental property, correct? We make 24k in rental income, but that's before the rental expenses - mortgage, taxes and maintenance. |
Anonymous
Yep. Our NW rowhouse rents for 4k/month. It will be paid off in 4 years. Right now with mortgage, taxes, upkeep--the income isn't much. However, somebody else is paying the mortgage so that has been great. |
Anonymous
You must have bought your rowhouse long time ago for this to have such a low mortgage and to be so close to paying it off. A rowhouse that would rent for 4K in NW DC these days should cost around 900K I would think. So, in the best case scenario, if buying a rowhouse for a rental property now you will be lucky to break even. |
Anonymous
I'm the Fed Program Manager who posted earlier and to clarify, yes, that's just income and doesn't take into account the costs of the property (since we're just discussing pure income on this thread). Our condo rents for $2,300 a month and our mortgage and condo fees come to $1,700. So we're "making" $600 a month (though of course we have expenses like paint and maintenance). But it's not really about making money for us - it's about the fact that someone is paying our mortgage down for us. So eventually it will either be paid off or we'll sell it and bank the equity difference. Even if you're not quite covering the mortgage, it still represents income in that it's going toward the mortgage. |
Anonymous
I would count only 600 as income. We have a rental as well and we don’t count it as generating income as the rent price just covers the mortgage/tax/insurance. That is why I thought that you must have bought the house very long time ago to have incredibly low mortgage and have it so close to being paid off. |
Anonymous
| Oh, glad that was clarified, but I still think we have $28k in income from the property regardless of our expenses. If I am subtracting the mortgage and expenses from my rental income, why are we not subtracting any mortgages or expenses from our employment income? |
Anonymous
| I'm a SAHM. Spouse is in software sales. 200-500k/ year including commission. Age: thirties |
Anonymous
So your answer: $0 |
Anonymous
I saw a story about you! And the $75/hour?? school crossing guards. |