If you have rental property, how much do you make every month?
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Anonymous
| I know about tax benefits and paying down mortgage, but specifically in cash how much do you make? |
Anonymous
| $3,200. |
Anonymous
| On top of your mortgage? How many units? |
Anonymous
We are in he negative every month wrt mortgage and fees. However we make up for it at tax time 
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Anonymous
Same! |
Anonymous
|
negative cash flow, ~$300/month goes to equity
just hanging there waiting for better time to sell (bough in 2006, 9 years later we can't recover what we spent) Oh well... |
Anonymous
| Clear about 600/unit - have four looking for one more. |
Anonymous
Where do you own? |
Anonymous
| We clear about $300 per month after mortgage/taxes/repair bills. |
Anonymous
DC - shaw / dupont / noma |
Anonymous
| I own four town homes free and clear and purchased another with a sibling (in total 4.5 houses). After taxes, HOA, mgmt fees, maintenance I average about $5k per month. It's probably smarter for me to invest in more but right now I'm happy with the return I'm getting and feel safe with the equity (at the moment they're worth in total about 1.3 million. We are planning on cashing out for retirement). |
Anonymous
| 24 units in Chicago as an apartment block. Net about $24,000 a month. |
Anonymous
Do you manage them yourself? |
Anonymous
| 1 rental property in Baltimore. Net about $650/month. There are neighborhoods in Baltimore where you can buy a house for ~$200k and rent it out for $1600+. |
Anonymous
How? How can you write off the loss of you aren't in the real estate business and make more than $110,000 a year? |