Anonymous
Post 01/27/2012 21:31     Subject: How much money do you make?
Anonymous wrote:90K with full pension UNION Montgomery county sr school janitor


I saw a story about you! And the $75/hour?? school crossing guards.
Anonymous
Post 01/27/2012 21:24     Subject: How much money do you make?
Anonymous wrote:I'm a SAHM. Spouse is in software sales. 200-500k/ year including commission. Age: thirties


So your answer: $0
Anonymous
Post 01/27/2012 21:06     Subject: How much money do you make?
I'm a SAHM. Spouse is in software sales. 200-500k/ year including commission. Age: thirties
Anonymous
Post 01/25/2012 13:33     Subject: How much money do you make?
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
Post 01/24/2012 16:12     Subject: Re:How much money do you make?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:To the PP who supplements salary with 30k in rental income. How many properties is that??


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.


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.


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.


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.

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
Post 01/24/2012 11:36     Subject: Re:How much money do you make?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:To the PP who supplements salary with 30k in rental income. How many properties is that??


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.


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.


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.


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
Post 01/24/2012 11:13     Subject: Re:How much money do you make?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:To the PP who supplements salary with 30k in rental income. How many properties is that??


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.


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.


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
Post 01/24/2012 11:00     Subject: Re:How much money do you make?
Anonymous wrote:
Anonymous wrote:To the PP who supplements salary with 30k in rental income. How many properties is that??


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.


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
Post 01/24/2012 10:40     Subject: Re:How much money do you make?
Anonymous wrote:
Anonymous wrote:To the PP who supplements salary with 30k in rental income. How many properties is that??


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.


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
Post 01/24/2012 08:37     Subject: Re:How much money do you make?
Anonymous wrote:To the PP who supplements salary with 30k in rental income. How many properties is that??


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
Post 01/24/2012 08:18     Subject: How much money do you make?
Anonymous wrote:90K with full pension UNION Montgomery county sr school janitor


A janitor makes $90K, that's really good. Worth not going to university and getting loans etc. if you can make that?
Anonymous
Post 01/24/2012 07:37     Subject: How much money do you make?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Intnl development specialist at an IFI...$130k tax-free, equivalent to a taxable gross of around $185k, more if our pension/non-cash benefits are factored. 9 yrs experience and masters.


what's an IFI?


And why is your salary tax free?


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
Post 01/23/2012 09:15     Subject: How much money do you make?
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Govt atty 200k. Should post age or exp years too. OP, are you a newly minted atty?


How many years of experience do you have? I didnt realize govt atty's ever made over 155ish.


This person is not on the GS scale. Probably quite senior, and quite talented. $200 is unusual.


Why, thank you. More common.than you would think. Especially with lawyers. Not so much now, but a few years ago a big firm lawyer right out of law school made this much...


Which agencies?


CFTC. SEC.
Anonymous
Post 01/23/2012 02:28     Subject: How much money do you make?
90K with full pension UNION Montgomery county sr school janitor
Anonymous
Post 01/23/2012 01:01     Subject: Re:How much money do you make?
Anonymous wrote:I work as a nanny for a diplomat. $50k plus extensive travel. I will probably never get married!


Wow, that sounds pretty cool! Travel is paid by your bosses right? Which countries do you get to go to?