Is a $400/month profit off a rental reasonable? My husband wants to list it higher but I just can’t see us getting any more for it monthly than we have it listed. Comparing other rentals available in the area obviously. He just wants to sell the house altogether but I don’t want to pass up the extra income/equity. Is it even worth it?

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

It’s real estate. Having $0 profit is profitable to you portfolio

Even negative cash flow is good if you have the right CPA

like

Really depends on how much your expenses are. If your mortgage is $3000 and you’re bringing in $3400 that’s different than a $500 mortgage bringing in $900. Also depends on the work involved.

like

3 hours (or more) of travel time probably negates the “savings” of making the repairs yourself. You probably should source a handyman in the local area who can handle those repairs.

like

Is that $400 after PITI, or are you also taking into account maintenance / repairs, vacancy expense, long term capital improvements, etc??

If you aren’t accounting for the bigger picture, then you’re probably losing money. That being said, a lot of experts expect prices to rise again once interest rates start getting cut, so holding on to a property for 1 to 3 years may see a significant increase in the value of the property, which is a calculation you need to make outside of the monthly cashflow calculation.

like

F.

I look for at least $100 per door for my unit number. I started there and my first door now doubles the mortgage. $400 is a great start.

Related Posts

What is a reasonable rent increase %

like

My mother is going to get retired from her government job next week and will recieve her one time payout of close to 90 lakhs by the end of the month
The amount is non taxable but any profit earned from the amount will be taxable. Where should the amount be invested?(next 8-10 year horizon)
1. Buying a 3 bhk flat for around 95 lakhs in Sec 31 Gurgaon.
2. Put all the money in FD and live off of interest.
3. She is not very ecstatic about investing in stocks.
4. Gold?

like

Curious: What percent of your income do you give to charity?? 💰💸💰💸

like

I’m leaving my job soon but I’m wondering if I should be truthful when I hand in my letter of resignation. There’s a ton of reasons but it boils down to: I’m worth more than they can pay me and I need to pay off these student loans. What should I say?

like

Anybody in here trade options? I trade Iron Condors and have been having success with that but would love to hear what other people have been doing

like

Currently 31 with 6.5 YOE and single . Should have NW of 250k by end of this year. (No significant assets in India). Considering this money all reminds invested I should have a decent nest egg for retirement. Have an LIC policy that will be worth arnd 50 lakhs when I surrender it (plan down payment for an apartment). Struggling to convince parents this should be enough for me to move back. They think I should move back when I have more financial security. What more should I plan for ?

like

Making a lot of money relative to the average but feeling poor? Median after-tax income was ~$55,000 in 1981 and was ~$73,000 in 2020. Using a Bank of Canada inflation calculator $55,000 in 1981 is equivalent to ~$165,000 today, which would put someone in the top 10% of earners today. But in 1981 the median family had that extra money. Who can I blame?

Post Photo
like

Do bank managers/loan officers at local branches have any sway in approving loans? I live in a small Midwest town would it be better to go to my local bank and see if people I know there can get a better rate etc on an auto loan?

like

Looking to buy in the DMV suburbs (northern VA). Is this the wrong time for such a move? Beyond down payment, got about 6mo emergency fund and must tap into it for moving&house expenses like furniture

like

What do you all think of fundrise and start engine Real estate Reit ? Any experience? Would you invest here if you didn’t have the time to actually buy and rent properties? Any insight is welcome.
Thanks

like

How might I start to evaluate whether or not it’s worth it to keep my current primary residence and turn it into a rental, instead of selling and using the cash to roll into the next down payment for our next home? Currently in our “starter home” and thinking to upgrade in a few years. Some figures to consider for current house - 299k purchase price, 240k left on mortgage, could prob rent for 2250-2500/month, or sell for 375k. It’s in a desired school district, but in the “city” tax district.

like

Best resources/books on getting personal finance in order?

like

Does anyone work in Dubai or Singapore who can give me an idea what you get paid? Thinking of making the move from Norway. Lower/no personal income tax is the incentive - paying 47% 😭

like

When is the Bitcoin bubble going to pop?

like

Fishes! what are the best grounds to dispute my property tax valuation? What support should I have?

like

How much has stock options changed anyone’s life here? Just started at amazon and I received 1500 shares post split. But obviously the vesting schedule is so long over 4 years and morale certainly will be up and down. I feel I’d be crazy to walk away before then and miss out.

like

1M net worth, 450k total comp, age 35, just paid off tons of student loans TONS, want to retire at 50. What’s the move?

like

Currently 25 y/o making 70k/year in Boston. I grew up pretty poor and I have minimal financial education. A lot of my salary now goes towards helping my parents get out of debt. My parents are no longer able to live on their own, so considering selling my grandmas house where they live (maybe 550k), paying off their mortgage (100k) and buying a duplex (between them they make about 55k/year). Is buying a two family home a good investment ? How much can I afford to spend on a new house?

likehelpful

Los Angeles, ACD (art), 34, $150k

There are advisors who present themselves as a financial planner first and investment manager second. Which one are you?

like

More Posts

Hi, I am new here. Would anyone mind 💟-ing this do that I can send DMs? Thanks!

like

A month ago my boss told me I was getting a promotion and a raise. My raise was effective May 15th, and it has been reflected in my pay. He told me to keep it on the down low since there were no(cont)

like

Hi Fishes... I have cleared interview with Wipro and while uploading the documents i uploade document but they mentioned LOA & education certificate are incorrect so i re-uploaded them but again they mentioned LOA is incorrect.. so i connected with the person who sent me the link to upload the doc but no help from her.. i tried to open the link today (17th March) evening but the link was not opening... what will be the next step.. how can i upload it again.. Need your valuable advice.. TIA

Why don't firms invest in R&D for Artificial General Intelligence? Seems like this would be a powerful tool to have as a consultancy

funny

Taking the CIPM soon. Is reading the textbook enough?

like

Any experience of working on third party payroll of lancesoft? Please share your views, Lancesoft

What should we be cautious of on third party payroll?
Please share your views

like

23 year old consultant looking to meet fellow ambitious and like minded friends… moved here recently. Any recommendations? Living in south end

likeuplifting

Hi everyone! Have an argument with my friend about overtime work at consulting firms in US. I am from middle east myself. Do you get paid for overtime work in US?

like

Best consulting companies with exposure to the blockchain / digital assets space?

like

How much do VP get paid in PE? Vs banking? Any deferred structure or all cash?

like
like

Should I be reaching out to recruiters and hiring managers after applying to jobs? I've mostly been applying through LinkedIn, so finding the right person isn't hard. I'm just afraid of coming across as obnoxious!

like

#Question - What is a good rate for a HALF-DAY shoot as a freelance photographer/AD for a mid-level agency with big clients? I’d be taking the photos! Editorial/usage rights for digital and social.

I’m stuck at a transitional point in my career where I can’t figure out a direction that I feel excited about. Does anyone have resources, books, career coaches, etc. that may help me find clarity?

like

I'm having trouble getting promoted. Many people tell me my designs are more senior level, I now throw my phone in my desk, and I'm more punctual but I'm not really sure how to wow them.

GM all, I need help big time. I started my weight loss journey about three weeks ago and lost 7 pounds thus far but cutting alcohol and removing added sugar and trying to eat healthy and tracking calories. I need to loose 10 more pounds at least. I want to try Keto, what do I do ? I do HIIT 30mn a day / 5 days a week.

Post Photo
like

A question for the entertainers out there (magicians, dancers, DJs, really just anyone who is hired to work at parties). Have you ever turned down a job because something about the person asking to hire you just felt "off"?

like

Has anyone burned some bridges yet? Just curious 😏

like

What are realistic expectations for 3rd Year Analyst / Direct Promote Associate bonus range at a BB? Note that at MS, 2nd year bonuses in my group last year were 90-115K, while MBA associates received a pro-rated 90K stub (~40k). Personally would be pretty unhappy to take a pay cut between 2nd and 3rd year…

like

Additional Posts in The Real Estate Bowl

How did you get started with your personal investing in stocks? I am 26, F, have some money in savings, 401k, stocks and just started my own business albeit small. I’m extremely interested in real estate investing have been reading and listening to podcasts. Any advice?

like

Due to a family situation we are looking to move to a different state. Normally we would sell our current home and buy a new home in our new location. However, with todays prices and interest, will it make more sense to rent out our current home and rent a home ourselves vs. selling and buying immediately when we move? We are moving from Vegas to Sacramento and we are not sure how long we would stay in the new area. Thoughts?

Any investors in the woodlands Texas for single family homes, rent looks good as per Zillow , good school district and houses are still affordable compared to Dallas and Austin

like

How can I invest in real estate ? Looking for an additional passive income source

like

I thought the answer is yes but now double checking. Can we write off the interest we pay on our primary residence mortgage?

like

First time home buyer and I have no idea what I can afford. Excellent credit. I know to get a preauthorization before looking but want to skim homes the meantime. Any good rule of thumb when searching?

like

Would you pay an extra ~$100/month on top of existing monthly PITI for access to $65k in equity from your home? Want to use it for either A) down payment on new primary or B) net new investment property and see if that can fund the next primary

like

Any one knows what’s the easiest way to order a radon test for new construction?

like

For those w investment property, how many of you self manage vs using property manager? This is my first condo, relative new build from 2018 and a family friend jus moved out. I would have self managed but am scared about squatting/evictions esp w Covid and the rent memorandums. Thinking of jus getting the property manager as I am new to this... Advice appreciated.

like

Now that the rents are going higher and housing is not affordable. With wfh option is it good idea to love to ranch with house?

Anyone here invested or opted as primary living place outside of cities?

Cheers

like

Has anyone used Loan Cabin to refinance? They seem to have the best rates.

like

I am wanting to start investing in real estate in the new year… I’m using this month to read up on it and familiarize myself with it. I am a true beginner and wanted to ask for any tips, tricks, advice, books, videos, magazines, podcasts, etc to start? Please let me know!

like

Does anyone have experience managing an out of state property yourself? Are there any tips/services you use?

like

How long did it take you to buy your first million dollar home? What were the steps you took to get there?

My dream neighborhood is 10 min down the road but entry point is 1.2m. Currently my house is worth around $550k

like

If you living currently in a home and looking to buy another home but plan to put only 10% on the new home, can I pay the remaining 10% after selling my existing home in 1-2 months .. and get the PMI

like

For people who recently refinanced, bought or is in the process of buying a new home, what APR did you get?

like

Any Property Management recs in Seattle area? :(

like

Has anyone here used New Western to buy real estate deals?

like

What rates are people getting for condos? I’m thinking about selling my condo (I had 3.25%) but my realtor said that the rates are so high now that if I were to buy a similarly priced place, the monthly payment would be like $800 more. I’m bad at math, so I wanted to ask here to confirm this is accurate. Mortgage is around $700k

like

Planning on buying a house with MIL. She would lend us half the price of home interest free in return for being able to live in it rent free. We’d have 100% ownership. Repayment only required if we sell the home.

She would maintain the place 100%. We would cover races and insurance.
Relationship aside, does it sound like a fair deal?

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