[QUOTE=Cranford61;1910007]
Quote:
Originally Posted by LiverpoolWalrus
Thanks for all the responses. I should have said that yes of course I’ll be getting professional advice in a few weeks. I was asking for this information because it’ll make it easier for me to tally only the numbers that are relevant. There’s no sense in adding up costs in my records that aren’t deductible.
But I appreciate the consistency in the let’s say “tone” of TOTV responses!
Has anyone ever made money on real estate rentals? After subtracting all you can, and factoring all grief, anxiety and angst with no shows, repairs, damages, commissions AND lost gains in the stock market, it seems like a stupid investment for people not having been successful in their previous career.
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6 years and making money every year. Our is a long term rental home. Very hard to go into this if you are running a mortgage. No mortgage on ours and we net net a good $900. a month.