Anonymous
06/02/2015 15:44
Subject: Re:If you have rental property, how much do you make every month?
Anonymous wrote:Anonymous wrote:$15,000/month-5 units
What are we doing wrong? We lose $250/month on a townhome in VA.
Sorry mines a little strip mall with 5 units, 3 tenants (in the South). I won it in a poker game so I have no mortgage. I'm no financial genius.
Anonymous
06/02/2015 15:43
Subject: If you have rental property, how much do you make every month?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:We are in he negative every month wrt mortgage and fees. However we make up for it at tax time
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?
I would assume s/he is depreciating the property.
But even if you depreciate, you can't offset anything but rental income right? I don't own any rental property, but it doesn't seem worth the effort of dealing with tenants if you don't make any money.
I don't own rental property but I would think the main draw is the tenant paying the mortgage and building up your equity for you.
I disagree. There is an opportunity cost to tying up a down payment. If you have $150K you can put it in the market and make an average annual return of 7%. IMO rental property should return more than that to be worth the investment - not to mention the time and trouble.
+1. I'd love to understand the economics of the PP with 24 units in Chicago.
+1 Me too.
Anonymous
06/02/2015 15:38
Subject: Re:If you have rental property, how much do you make every month?
Anonymous wrote:$15,000/month-5 units
What are we doing wrong? We lose $250/month on a townhome in VA.
Anonymous
06/02/2015 15:36
Subject: If you have rental property, how much do you make every month?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:We are in he negative every month wrt mortgage and fees. However we make up for it at tax time
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?
I would assume s/he is depreciating the property.
But even if you depreciate, you can't offset anything but rental income right? I don't own any rental property, but it doesn't seem worth the effort of dealing with tenants if you don't make any money.
I don't own rental property but I would think the main draw is the tenant paying the mortgage and building up your equity for you.
I disagree. There is an opportunity cost to tying up a down payment. If you have $150K you can put it in the market and make an average annual return of 7%. IMO rental property should return more than that to be worth the investment - not to mention the time and trouble.
+1. I'd love to understand the economics of the PP with 24 units in Chicago.
Anonymous
06/02/2015 15:32
Subject: Re:If you have rental property, how much do you make every month?
$15,000/month-5 units
Anonymous
06/02/2015 15:27
Subject: If you have rental property, how much do you make every month?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:We are in he negative every month wrt mortgage and fees. However we make up for it at tax time
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?
I would assume s/he is depreciating the property.
But even if you depreciate, you can't offset anything but rental income right? I don't own any rental property, but it doesn't seem worth the effort of dealing with tenants if you don't make any money.
I don't own rental property but I would think the main draw is the tenant paying the mortgage and building up your equity for you.
I disagree. There is an opportunity cost to tying up a down payment. If you have $150K you can put it in the market and make an average annual return of 7%. IMO rental property should return more than that to be worth the investment - not to mention the time and trouble.
Anonymous
06/02/2015 15:22
Subject: If you have rental property, how much do you make every month?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:We are in he negative every month wrt mortgage and fees. However we make up for it at tax time
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?
I would assume s/he is depreciating the property.
But even if you depreciate, you can't offset anything but rental income right? I don't own any rental property, but it doesn't seem worth the effort of dealing with tenants if you don't make any money.
I don't own rental property but I would think the main draw is the tenant paying the mortgage and building up your equity for you.
Anonymous
06/02/2015 15:19
Subject: If you have rental property, how much do you make every month?
Anonymous wrote:Anonymous wrote:Anonymous wrote:We are in he negative every month wrt mortgage and fees. However we make up for it at tax time
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?
I would assume s/he is depreciating the property.
But even if you depreciate, you can't offset anything but rental income right? I don't own any rental property, but it doesn't seem worth the effort of dealing with tenants if you don't make any money.
Anonymous
06/02/2015 15:16
Subject: If you have rental property, how much do you make every month?
Anonymous wrote:$200 a month
+1 in clarendon
Anonymous
06/02/2015 15:15
Subject: If you have rental property, how much do you make every month?
1950 from rental
over 1300 from owner financed mortgages
over 1300 from owner financed mortgages
Anonymous
06/02/2015 15:14
Subject: If you have rental property, how much do you make every month?
Anonymous wrote:24 units in Chicago as an apartment block. Net about $24,000 a month.
Wouldn't you net quite more by selling the block and investing the proceeds?
Anonymous
06/02/2015 15:13
Subject: If you have rental property, how much do you make every month?
Anonymous wrote:Anonymous wrote:Anonymous wrote:We are in he negative every month wrt mortgage and fees. However we make up for it at tax time
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?
I would assume s/he is depreciating the property.
But even then, above $110,000 the losses can't be taken against ordinary income, but are capitalized and can only be taken against capital gains. So no writing off.
Anonymous
06/02/2015 15:13
Subject: If you have rental property, how much do you make every month?
$300 per month in cash above mortgage, etc. Stable tenant in there going on 4 years so no motivation to raise rent.
Anonymous
06/02/2015 15:11
Subject: If you have rental property, how much do you make every month?
Anonymous wrote:Anonymous wrote:We are in he negative every month wrt mortgage and fees. However we make up for it at tax time
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?
I would assume s/he is depreciating the property.
Anonymous
06/02/2015 15:08
Subject: If you have rental property, how much do you make every month?
$200 a month