Home
What's new
Latest activity
Authors
Store
Latest reviews
Search products
Forums
New posts
Search forums
What's new
New posts
New listings
New products
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Cart
Cart
Loading…
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Search titles only
By:
Menu
Log in
Register
Navigation
Install the app
Install
More options
Change style
Contact us
Close Menu
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
I just can’t convince myself to buy a house.
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="MG0h3" data-source="post: 16200568" data-attributes="member: 164690"><p>I’ve never purchased a property as an investment, rather an accidental landlord. Bought a house to live in, circumstances changed and had to move. Bought another and rented the last one. </p><p></p><p>Two that come to mind we’re the townhome and single fam in CA. Bought in 04 and 05. For those that don’t know, took a 50% hit in value during the bust. </p><p></p><p>Rent always covered the mortgage with a little to spare. I was coming out of pocket a couple grand a year for repairs and property taxes. </p><p></p><p>My fed income tax on average was @8k less per year than guys at work with the same pay and dependent situation. I can say with confidence I never scammed or over deducted anything. </p><p></p><p>Prices did recover but I still sold for less than I paid for two of them. Pocketed 60k plus I figure around 90k in tax savings. </p><p></p><p>I’m not rich but I could pay off my 150k house I bought three yrs ago and still have 45k in my checking account. </p><p></p><p>Still have another rental with about 100k in equity. </p><p></p><p>I’m actively shopping for a real rental property now. Even with the housing bubble I think I did well with minimal work. </p><p></p><p></p><p>Sent from my iPhone using svtperformance.com</p></blockquote><p></p>
[QUOTE="MG0h3, post: 16200568, member: 164690"] I’ve never purchased a property as an investment, rather an accidental landlord. Bought a house to live in, circumstances changed and had to move. Bought another and rented the last one. Two that come to mind we’re the townhome and single fam in CA. Bought in 04 and 05. For those that don’t know, took a 50% hit in value during the bust. Rent always covered the mortgage with a little to spare. I was coming out of pocket a couple grand a year for repairs and property taxes. My fed income tax on average was @8k less per year than guys at work with the same pay and dependent situation. I can say with confidence I never scammed or over deducted anything. Prices did recover but I still sold for less than I paid for two of them. Pocketed 60k plus I figure around 90k in tax savings. I’m not rich but I could pay off my 150k house I bought three yrs ago and still have 45k in my checking account. Still have another rental with about 100k in equity. I’m actively shopping for a real rental property now. Even with the housing bubble I think I did well with minimal work. Sent from my iPhone using svtperformance.com [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
I just can’t convince myself to buy a house.
Top