Related Posts
What is LEAD?
Posting image due to character constraint…
Orange Business Services require network engg (L1/L2) (Designation: Service Desk Specialist), having exp. of 2-6 years Gurgaon, 24x7 working environment. Good knowledge BGP, OSPF, MPLS SDWAN, Cisco, Juniper, and troubleshooting of optical circuits required. Interested candidates can send details on https://lnkd.in/dXkvJyj7 Candidates who applied in last 30 days, please do not apply again
Additional Posts in Consulting Exit Opportunities
New to Fishbowl?
unlock all discussions on Fishbowl.
Subject Expert
Forget consulting, you're doing really well in rentals and can prob also consult others on how to make it off rentals
Love this!
You’re off to a good start and we share a lot of the same sentiment. I’m in Texas pulling in 100K from W-2 but building my portfolio in the meantime, pulling in 45K gross a year from an Airbnb I own and building a duplex that’ll gross me 40K annually with 60K of equity already in it. Banks love W2 income so my suggestion is keep the 9-5 to continue getting approvals from the bank until you just can’t stand it any longer that’s my plan lol
That’s true! I just hate the client facing roles, I hate that no matter how much effort you put into something, it’s still not right for the most minute reasons.
Subject Expert
You sound quite young. Now is the time for heavy risk.
That’s a good point. I think I definitely will work one more year to get my JD/MbA so that i’m eligible for the JAG program in the military reserves.
Community Builder
How did you buy all that in one year of worked?
D1: It definitely took a lot of patience, mainly the fact that I was living with my parents, while everyone else my age had their own apartments or brand new cars. Hated putting of the spring breaks to MIA. But in the long run, when I am 30 (and hopefully semi-retired🤞🏽) It’ll all have paid off. You definitely can do it. If you are looking at buying your first multi unit property FHA takes into account 75% of the existing tenants rent if you buy a standing structure. Which makes more sense than renting especially in areas like NY (where I work, but remote rn), LA, or SF. You’ve got this!
Subject Expert
Get two more quads. See how that goes.
Community Builder
Teach us too!
Stay consulting, do that again every year for the next 2 or 3 years, and THEN retire.
MBA would be paid for. I qualify for a program that would only require me to pay for the JD not the MBA. I’m getting it simply because I enjoy school.
Mentor
What city do you own this in?
The loan required me to live in the property for a year. I’m sure in CA you could make a killing!
Mentor
Rookie question but how are all of the posts on this thread making so much money net of mortgage payments on these properties? If we were to rent out our house I can’t imagine we’d get more than a few hundred over mortgage (we are in a pretty expensive $/sq ft area though). Any insight would be appreciated because we’re considering buying a rental property.
People typically net more money because they’ve found incredibly discounted deals and put equity into the property on top of appreciation and/or use them as vacation rentals. I have a property with a PITI of $1600 each month and I did 45K gross on Airbnb this year in Texas, and that’s on less than 50 percent occupancy. I’m building a duplex property that’ll I rent for $3200 monthly on the LTR rental side but it’ll rent for easily $6000 on the STR side that already has about 60K of equity in it. The key is finding DEALS! That’s how you make the most money