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Reply to "Making $220K - any chance for FA at DC Privates?"
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[quote=Anonymous]So, you are not dependent on the rental properties for the majority of your income, right? If not, you are sitting on real estate assets that will be taken into consideration when applying for FA. OP, you need to be realistic about about qualifying for FA. Frugal lifestyles have very little to do with FA. FA is determined by income, assets, and reasonable expenses. Saving up to support your parents in old age is NOT a qualified expense unless you list them as dependents on your income taxes. [/quote]
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