…property. She now owns two rentals. She bought the first for $77,000 (purchase + initial repairs) and it rents for $975, and the other for $80,000 (purchase + initial repairs)…
Search results for: repairs and maintenance
“I Want to Create Passive Income, But I Don’t Know Where to Start” — Part II
…that’s the case, conduct the repairs yourself and manage the property yourself for the first few years, but don’t engage in BS accounting. Don’t pretend that paying yourself $0 means…
Reader Question: Should I Buy a House With Cash?
…two more points: #1: Cash Reserves I don’t know how much money you have set aside for emergencies – such as car repairs, home repairs, and covering your cost-of-living if…
The Ultimate Challenge: Finding the Real “Value” of Money
…created $35,000 annually in completely passive income. (That’s after paying for management, repairs, and all other active tasks.) It’s awesome. But it’s bothering me. During the first year, I only…
Real Estate Investment Report: How I Earned $5,604 in Five Hours
…we like knowing that we can handle multiple vacancies plus repairs. If we have two or three vacant units at the same time that a roof leaks or a pipe…
Why the One Percent Rule Matters (When Buying a Rental …)
…costs $300,000 should rent for at least $3,000 per month When I talk about a property’s price, I’m referring to purchase price plus urgent repairs. After all, you might buy…
#433: Ask Paula: Should I Quit My Cushy Job?
…buying a house two years ago in Ft. Lauderdale. She’s poured $30,000 into repairs, all of which she borrowed. Her home-related debts have mounted. She’s over-extended. Should she cut her…
Should You Pay Cash for a Car?
…short-changing retirement to make the purchase. We have plenty of savings for home repairs, car repairs, health savings accounts, travel, and quarterly taxes. We have cash reserves for all of…
Real Estate Income Report: Here’s How Much I Made in January 2016
…a spreadsheet: By popular demand, here’s the spreadsheet template I use to track my rental property maintenance so you can use it as well: Wait, where were we? Oh yeah…
How I Earned an Extra $40,800 in Two Years Without Lifting a Finger
…up by operating expenses (taxes, insurance, vacancy, management, repairs, maintenance, bookkeeping, accounting). At this conservative estimate, this property will net $5,400 per year in passive cash flow. Over the span…