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surveyor
ParticipantRustico:
You know, I was tempted to suggest the exact thing you did – that Marion buy a multi-unit, that path being the best possible way for her to get financial independence.
Considering her past posts complaining about landlords, though, I found it too ironic to suggest…
surveyor
ParticipantRustico:
You know, I was tempted to suggest the exact thing you did – that Marion buy a multi-unit, that path being the best possible way for her to get financial independence.
Considering her past posts complaining about landlords, though, I found it too ironic to suggest…
surveyor
ParticipantSeven Years
That’s interesting! My wife and I did exactly those three things and we are pretty well off now. And it took exactly 7 years (we started our process in 2000). It was last year when the fruits of our labors started becoming evident.
surveyor
ParticipantSeven Years
That’s interesting! My wife and I did exactly those three things and we are pretty well off now. And it took exactly 7 years (we started our process in 2000). It was last year when the fruits of our labors started becoming evident.
surveyor
ParticipantSeven Years
That’s interesting! My wife and I did exactly those three things and we are pretty well off now. And it took exactly 7 years (we started our process in 2000). It was last year when the fruits of our labors started becoming evident.
surveyor
ParticipantSeven Years
That’s interesting! My wife and I did exactly those three things and we are pretty well off now. And it took exactly 7 years (we started our process in 2000). It was last year when the fruits of our labors started becoming evident.
surveyor
ParticipantSeven Years
That’s interesting! My wife and I did exactly those three things and we are pretty well off now. And it took exactly 7 years (we started our process in 2000). It was last year when the fruits of our labors started becoming evident.
surveyor
ParticipantCommute
I would have a real problem with the commute and the staying away from the family for two nights a week.
If you are looking to lower your taxes, I would just recommend buying a good, cash flowing, four unit property that is out-of-state and is out of a bubble area. The potential for lowering your income taxes down to virtually zero is there (through the real estate professional tax deduction) and you get a little extra income as well.
Yes, there is the “extra work” and time involved in researching and hassle in such an endeavor. However, I would rather do that than be away from my family. At least when I do my research and hassle, I’m at home. And also, you will be able to not worry about how badly the market will depreciate from your purchase.
Here is an example real estate purchase that I recently made and how the math works out.
http://piggington.com/re_sale_in_huntsville_al
Anyways, my two cents. I know that real estate investing is not for everyone.
surveyor
ParticipantCommute
I would have a real problem with the commute and the staying away from the family for two nights a week.
If you are looking to lower your taxes, I would just recommend buying a good, cash flowing, four unit property that is out-of-state and is out of a bubble area. The potential for lowering your income taxes down to virtually zero is there (through the real estate professional tax deduction) and you get a little extra income as well.
Yes, there is the “extra work” and time involved in researching and hassle in such an endeavor. However, I would rather do that than be away from my family. At least when I do my research and hassle, I’m at home. And also, you will be able to not worry about how badly the market will depreciate from your purchase.
Here is an example real estate purchase that I recently made and how the math works out.
http://piggington.com/re_sale_in_huntsville_al
Anyways, my two cents. I know that real estate investing is not for everyone.
surveyor
ParticipantCommute
I would have a real problem with the commute and the staying away from the family for two nights a week.
If you are looking to lower your taxes, I would just recommend buying a good, cash flowing, four unit property that is out-of-state and is out of a bubble area. The potential for lowering your income taxes down to virtually zero is there (through the real estate professional tax deduction) and you get a little extra income as well.
Yes, there is the “extra work” and time involved in researching and hassle in such an endeavor. However, I would rather do that than be away from my family. At least when I do my research and hassle, I’m at home. And also, you will be able to not worry about how badly the market will depreciate from your purchase.
Here is an example real estate purchase that I recently made and how the math works out.
http://piggington.com/re_sale_in_huntsville_al
Anyways, my two cents. I know that real estate investing is not for everyone.
surveyor
ParticipantCommute
I would have a real problem with the commute and the staying away from the family for two nights a week.
If you are looking to lower your taxes, I would just recommend buying a good, cash flowing, four unit property that is out-of-state and is out of a bubble area. The potential for lowering your income taxes down to virtually zero is there (through the real estate professional tax deduction) and you get a little extra income as well.
Yes, there is the “extra work” and time involved in researching and hassle in such an endeavor. However, I would rather do that than be away from my family. At least when I do my research and hassle, I’m at home. And also, you will be able to not worry about how badly the market will depreciate from your purchase.
Here is an example real estate purchase that I recently made and how the math works out.
http://piggington.com/re_sale_in_huntsville_al
Anyways, my two cents. I know that real estate investing is not for everyone.
surveyor
ParticipantCommute
I would have a real problem with the commute and the staying away from the family for two nights a week.
If you are looking to lower your taxes, I would just recommend buying a good, cash flowing, four unit property that is out-of-state and is out of a bubble area. The potential for lowering your income taxes down to virtually zero is there (through the real estate professional tax deduction) and you get a little extra income as well.
Yes, there is the “extra work” and time involved in researching and hassle in such an endeavor. However, I would rather do that than be away from my family. At least when I do my research and hassle, I’m at home. And also, you will be able to not worry about how badly the market will depreciate from your purchase.
Here is an example real estate purchase that I recently made and how the math works out.
http://piggington.com/re_sale_in_huntsville_al
Anyways, my two cents. I know that real estate investing is not for everyone.
surveyor
ParticipantNeetaT:
My property taxes for San Diego county alone have increased by 6%. There are also increased water fees, trash fees, and other increases down the line. My insurance for the properties have increased some because of the fires. Some HOA’s have increased their monthly fees.
There are lots of very legitimate reasons why rents should go up.
surveyor
ParticipantNeetaT:
My property taxes for San Diego county alone have increased by 6%. There are also increased water fees, trash fees, and other increases down the line. My insurance for the properties have increased some because of the fires. Some HOA’s have increased their monthly fees.
There are lots of very legitimate reasons why rents should go up.
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