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Reply to "What unique things have you done to get ahead financially? "
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[quote=Anonymous][quote=Anonymous]We always have a business going -- first it was consulting, then freelance writing, now long term rentals. You can write off a ton of expenses if you own a business. Real estate has worked for us. We have 5 rentals now, no mortgages. Worked hard to get here, but we're late 50s and the passive income will be pretty sweet in retirement.[/quote] What can you write off for long term rentals? Just repairs for the unit(s), right? I have one rental, and after factoring in depreciation, property taxes for a secondary property, and minor repairs ($1-3k per year), there's not much of a profit. I think of selling it often.[/quote]
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