[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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I might just be lucky but for November through April I collect about $20K, and in 3 years the house has appreciated $50K.
Have had my challenges with property management but on the whole I feel like it has been worth it. We are moving down full time in a few months so I got income, appreciation and paid down the loan before I take residency. Works for me.