24yo saving about $15k/year. Thinking about investing in property rentals. Anybody have experience? Worth it/Doable working full time? Any advice appreciated!

like
Posting as :
works at
You are currently posting as works at

Sure why not. You can hire a management computer 8-10% to take care of everything. Find good locations near colleges or large work centers. I have two in two different cities

like

I got a townhouse with an English basement unit. Currently living in the basement and renting out the top.

I use Cozy.co to handle both background checks and the automatic payment. It's free and I really recommend it.

I would recommend living in or nearby your first location. There's a lot of other work that comes with owning a house, and it's nice to be on premise to take care of things.

like

^Coming from friend who's a realtor: in Chi downtown, 5-6%

like

Meh the markets churning higher rates rn. I'd rather pay a higher tax premium and enjoy not doing any work than having to learn how to learn entire rental markets and processes

like

D1, What city are you in?

like

What sort of returns are you guys seeing?

What management companies are you using ?

Berkshire Hataway management

Mine is a little different since I plan to live in the top portion of the house later in my life. Tenants cover the mortgage, but I still pay some of the escrow to cover some of the taxes.

It lets me live alone in the middle of the city for about a third of what I was paying for rent with two other roommates and a shared bathroom though. I could probably get about $1500 a month in profit if I rented the entire place out.

DC

Related Posts

Anyone made the transition from NYC to Austin?

I find myself asking why I am in NYC when everything is so damn expensive. Making good money, but limited on savings and quality of life due to the HCOL. Or recs for other cities for that matter.

Looking into credit card, most likely between emirates nbd Bonvoy card or the Emirates offering. Anything better out there? What has been your experience. My understanding is you can convert the emirates points to Bonvoy? Not sure if the same works Bonvoy —> emirates.

Would you marry someone if they had a lot of loans on their head?

likefunny

So should I buy Tesla or too late ?

like

hi all! I'm starting my journey in VC as of next week, focusing particularly in LatAm ventures, although within a global fund. I'd love to connect with other investors as well!

like

Has anybody invested in Yamuna gaur city or planning to do so?

like

Does anyone in here participate in a 529 for their kids? Is it true that you can deduct contributions from your state tax? If so? Is it 1:1? Trying to decide how much to contribute for maximum tax benefits. TIA!

like

I decalred FBP, and the amount got deducted from my salary.
Now I can see I am eligible for some amount under FabP. What is it and when will I get it?
What exactly is the funda of it?
Let say I am eligible for x amount in FBP LTA. And some y of x got deducted in a specific month, now that y portion is showing in FBP tab to upload the bill.

What if in case I have LTA bill which is exceeding x amount itself, do I need to raise reimbursement request every month th with same bill?

like

Are there any virtual teaching positions in Michigan that pay into the MI retirement system (ORS) for educators? I have 4.5 years until I can retire and due to my health may not be able to be in person. All of the jobs I have seen only offer 401Ks. Thanks for your help.

like

Anyone here regret their pandemic home purchase?

like

Need help looking for a 1 bd, I’ve tried domu/Zillow but none of the options are appealing. Should I be using a realtor?

Budget: $1,200
Areas of interest: LP, Lakeview, Wicker Park, Old Town, Streeterville, West Loop, River North

like

Anyone with a leased car move from NJ to other states? If yes, could you please help me understand the process to get sales tax refund from NJ? Thanks in advance!

like

E&O insurance premiums others are paying? We have $140k AUM and Hartford premium is $5200. High or average? 2 Advisors, basic mutual fund diversified portfolios, no high risk assets in book.

likesmarthelpful

Are you doing what you thought you would be when you took out your student loans? If so, do you feel like taking out your loans was worth it?

likefunny

38 and net worth only 750 k€. Am I behind?

funny

$700 a month lease (tax-in, 39m/10k) R-Dynamic (380hp V6). Only first month and registration due up front. I can’t think of anything as good or better I can get for that much. Thoughts?

Post Photo
likesmart

Any recommendations on a good side hustle or part time job? Trying to buy a house (yes I know the economy sucks right now) and it’s been tough saving with a SW salary.

like

UK - thinking of a buy to let in either Birmingham, Liverpool, Manchester - any recommendations on either /areas where you can get something under £140k.

like

Can someone explain the LTA policy? What happens if I don't claim any travel bills? Can I claim it as a taxable component monthly?

like

My org will be pausing the Employer match to 401k for a few months. What's the best strategy to optimize my investment at this time?
Ride along/increase or decrease my percentage?

like

More Posts

like

Any idea what that total comp breakdown looks like for Senior Manager, Strategy & Transformation at the big banks?

like

why did the headless horseman go into consulting?

to get ahead!!!!!

Post Photo
likefunny

Just payed over $30 for a 6 pack of Lysol wipes on amazon and I’m just happy I found some. But the fact I didn’t hesitate at all on the price shows what corona has done to me

like

What is the market like for entry level data scientists/ data analyst. I have a graduate certificate in data science and have spent the last 27 years as a mainframe dev so I have great SQL skills.

like

How many billable hours do people in prosecution tend to average each month? I’ve gone through waves of feeling like my billable hours requirement is reasonable to feeling like I’m drowning and can’t possibly do it for that long.

like

How much hike range can we expect for c10 employees in Bangalore working in USDM?

Thankfully on a project and working remotely. I’ve been slowly losing grip with my depression and anxiety. Anyone else feel too scared to talk about it with their team?

like

I’m curious to hear which insurance company has the best work life balance for a senior commercial or middle market underwriting role. I currently only handle new business, which I love, but see that other companies like liberty make you handle new business and renewals. Any insight is appreciated.

like

Any recommendations for websites that will fax a word doc for free, without making me sign up for a membership?

like

Hello please can I find Victoria’s boot camp I keep hearing about this being great to study for shrm exam but I can’t find it anywhere thank you

like

Working remote with next to none human interactions, masking and social distancing in public. When will this end 😩

Post Photo
likefunny

Hello All,

I am temporarily moving to Hyderabad for the month of November 2022 and looking for a temporary stay for this period.
Please let me know if you have any suggestions or if you have a vacant room for this period.

Thanks

like

Any good restaurant for drinks and food for a team outing in the loop? Preferably near the water or good views

like
funny

::hears milk frothing in the office::
::looks up::
::sees someone has set up an espresso machine at their desk::

Open offices have gone too far...

likefunnyhelpful

Has anyone noticed that you’re more depressed working fully remote? Having a quiet and non collaborative team is really making me think if I would prefer a hybrid position.

like

Is the CPA required at non-Big 4 for FDD/TAG? If it's required, what level is it needed at?

like

What do fishes know about an alliance management career? How do you get into it? What’s career progression / wlb like?

like

Additional Posts in Consulting

Shots fired. Your move Deloitte.

Post Photo
funnylike

How soon did you hear back about offer from PwC after partner round interview? Or did you receive any call/mail in case of rejection?PwC

likefunny

Quick way to dry clothes without a dryer? Flying tomorrow and my dryer decides tonight is the night to kick the bucket. Leaving tomorrow and my all my work clothes are wet

like

Today is a huge struggle. I want to do nothing. 😢

likehelpful

Thoughts on Wealth Management as an industry? Offered a role to work under a senior FA and eventually take over the book (~$800M AUM and growing). It sounds great, but I am worried about the disruption this industry is facing with Robo advisors and other low cost, DIY options. I’d want to make sure the clients stay through the transition, and I don’t want to join a dying industry. Thoughts and advice?

like

New joiner. What should I get with my $250 wfh stipend? I already have standing desk, dual monitor, portable monitor, and good headset, not too sure what else I need, but it’s free money. Thanks.

like

Does anyone know if things like jury duty or bereavement leave count against your utilization? I've heard it doesn't count the same way holidays and PTO do, but not sure how that is possible.

like

How does your firm measure utilization? I work for a small boutique that defines it as utilization = number of billable hours/2,080 and full bonus payout occurs at 80% plus.

like

Nothing feel more like the holidays than seeing 40% of your bonus paycheck disappeared due to taxes

likefunny

What time frame is used to measure our utilization metric? I'm pretty sure it's not our fiscal year, but sometime around April '16 - March '17?

Starting to get more involved in the project sales process - any recommendations for books or resources to develop skills in this area?

like

Anyone hiring for ETL roles. Currently have a master's in analytics and 4+ years of experience.

like

Can someone please re-share the strategy vs. implementation vs. KPMG meme? TIA!

funny

There is a role in EY-P that I'm interested in but I was hoping to see it for C level and they're only posting for SA. Is there a chance they would take someone in that area at a higher level? What is the comp for SA with an MBA and 1.5YOE?

EY-PARTHENON

like

How is OW’s work life balance these days? I am an experienced hire in the process for a senior consultant position. Thanks!

like

Do you have any book/video/whatever recommendations for how to be a good manager/lead? I'm trying to make the transition and get more responsibility

like

Supermarket sweep, the new version, is now on Hulu. You’re welcome.

like

What’s the grade structure at EY UK? And how many years expected at each?

like

How do you stay focused throughout the day?

like

Insurgency Sandstorm on Xbox Series X might be the best FPS I’ve played

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal