[blue_sky]

I’m aware that the IRS considers them a scam:

http://www.irs.gov/newsroom/article/0,,id=156675,00.html

[blue_sky]

I’m aware that the IRS considers them a scam:

http://www.irs.gov/newsroom/article/0,,id=156675,00.html

[blue_sky]

I’m aware that the IRS considers them a scam:

http://www.irs.gov/newsroom/article/0,,id=156675,00.html

[blue_sky]

I’m aware that the IRS considers them a scam:

http://www.irs.gov/newsroom/article/0,,id=156675,00.html

[blue_sky]

I’m aware that the IRS considers them a scam:

http://www.irs.gov/newsroom/article/0,,id=156675,00.html

[blue_sky]

Costs, all of which are deductible vs your rental income:

Property Tax
Mortgage Interest
Insurance
Utilities not paid by tenant
Maintenance
Cleaning
Advertising
Property Management if you use a service
Bounced check fees, collection fees, court costs, etc

Note that when (not if) you have a rental loss, you get to suck it down, you can’t apply it against your regular income.

Things which must be depreciated:

Closing costs
Improvements

In your projections make sure you include allowances for vacancy, in SoCal that’s somewhere between 5-10%.

Do you understand what Cap Rate means? If not, go learn it. I don’t buy property at less than a 10% cap rate. You won’t find anything like that around San Diego though, you’ll be lucky if you get 5%.

If you need a starter, buy this: http://www.johntreed.com/HGS.html

[blue_sky]

Costs, all of which are deductible vs your rental income:

Property Tax
Mortgage Interest
Insurance
Utilities not paid by tenant
Maintenance
Cleaning
Advertising
Property Management if you use a service
Bounced check fees, collection fees, court costs, etc

Note that when (not if) you have a rental loss, you get to suck it down, you can’t apply it against your regular income.

Things which must be depreciated:

Closing costs
Improvements

In your projections make sure you include allowances for vacancy, in SoCal that’s somewhere between 5-10%.

Do you understand what Cap Rate means? If not, go learn it. I don’t buy property at less than a 10% cap rate. You won’t find anything like that around San Diego though, you’ll be lucky if you get 5%.

If you need a starter, buy this: http://www.johntreed.com/HGS.html

[blue_sky]

Costs, all of which are deductible vs your rental income:

Property Tax
Mortgage Interest
Insurance
Utilities not paid by tenant
Maintenance
Cleaning
Advertising
Property Management if you use a service
Bounced check fees, collection fees, court costs, etc

Note that when (not if) you have a rental loss, you get to suck it down, you can’t apply it against your regular income.

Things which must be depreciated:

Closing costs
Improvements

In your projections make sure you include allowances for vacancy, in SoCal that’s somewhere between 5-10%.

Do you understand what Cap Rate means? If not, go learn it. I don’t buy property at less than a 10% cap rate. You won’t find anything like that around San Diego though, you’ll be lucky if you get 5%.

If you need a starter, buy this: http://www.johntreed.com/HGS.html

[blue_sky]

Costs, all of which are deductible vs your rental income:

Property Tax
Mortgage Interest
Insurance
Utilities not paid by tenant
Maintenance
Cleaning
Advertising
Property Management if you use a service
Bounced check fees, collection fees, court costs, etc

Note that when (not if) you have a rental loss, you get to suck it down, you can’t apply it against your regular income.

Things which must be depreciated:

Closing costs
Improvements

In your projections make sure you include allowances for vacancy, in SoCal that’s somewhere between 5-10%.

Do you understand what Cap Rate means? If not, go learn it. I don’t buy property at less than a 10% cap rate. You won’t find anything like that around San Diego though, you’ll be lucky if you get 5%.

If you need a starter, buy this: http://www.johntreed.com/HGS.html

[blue_sky]

Costs, all of which are deductible vs your rental income:

Property Tax
Mortgage Interest
Insurance
Utilities not paid by tenant
Maintenance
Cleaning
Advertising
Property Management if you use a service
Bounced check fees, collection fees, court costs, etc

Note that when (not if) you have a rental loss, you get to suck it down, you can’t apply it against your regular income.

Things which must be depreciated:

Closing costs
Improvements

In your projections make sure you include allowances for vacancy, in SoCal that’s somewhere between 5-10%.

Do you understand what Cap Rate means? If not, go learn it. I don’t buy property at less than a 10% cap rate. You won’t find anything like that around San Diego though, you’ll be lucky if you get 5%.

If you need a starter, buy this: http://www.johntreed.com/HGS.html

[blue_sky]

Nada for me either. While it ‘sucks’ not to partake, I paid more in taxes this year than the before tax San Diego median household income, so I can’t exactly say I need it.

Oh, and yes, you do get paid for what you know and how well you use it. Want to get a raise, walk into Barnes & Noble and start reading those books! You don’t even have to buy them.

There was a time when I spent more every month on technical books than I did on rent…

[blue_sky]

Nada for me either. While it ‘sucks’ not to partake, I paid more in taxes this year than the before tax San Diego median household income, so I can’t exactly say I need it.

Oh, and yes, you do get paid for what you know and how well you use it. Want to get a raise, walk into Barnes & Noble and start reading those books! You don’t even have to buy them.

There was a time when I spent more every month on technical books than I did on rent…

[blue_sky]

Nada for me either. While it ‘sucks’ not to partake, I paid more in taxes this year than the before tax San Diego median household income, so I can’t exactly say I need it.

Oh, and yes, you do get paid for what you know and how well you use it. Want to get a raise, walk into Barnes & Noble and start reading those books! You don’t even have to buy them.

There was a time when I spent more every month on technical books than I did on rent…

[blue_sky]

Nada for me either. While it ‘sucks’ not to partake, I paid more in taxes this year than the before tax San Diego median household income, so I can’t exactly say I need it.

Oh, and yes, you do get paid for what you know and how well you use it. Want to get a raise, walk into Barnes & Noble and start reading those books! You don’t even have to buy them.

There was a time when I spent more every month on technical books than I did on rent…

[blue_sky]

Nada for me either. While it ‘sucks’ not to partake, I paid more in taxes this year than the before tax San Diego median household income, so I can’t exactly say I need it.

Oh, and yes, you do get paid for what you know and how well you use it. Want to get a raise, walk into Barnes & Noble and start reading those books! You don’t even have to buy them.

There was a time when I spent more every month on technical books than I did on rent…

[Author]

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