How Much I Make From My 2 Rental Properties

How Much I Make From My 2 Rental Properties

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[jjbuckner]

So I just noticed that Principal pay down is not included in my spreadsheet. First, as mentioned in the video, these are the spreadsheets I send to my CPA and I cannot count principal pay down as an expense. Therefore that is why it is not listed. Totally a mistake on my part and should have been included.

After accounting for principal pay down, the ACTUAL avg monthly income from both properties combined are around $350/month after ALL expenses.

Again, my mistake.

[respthep]

hey JJ I have 1 rental that is paid off that was my previous resident here in NC. rent was low at $950 for 1300 sq ft. now that the tenats just moved out I am remodling and going to charge $1300 per the property manger. question, what options or tools can I use to buy another investment property? thanks! are you and your wife still traveling. I'm still doing RT travel contracts. awesome pay!

[spooler]

Great video and thank you for the transparency!!

[minnyvike]

What is the interest fee? The interest on the mortgage? I thought you bought these outright or I thought I saw a video a year or so ago where y'all already owned a house?

[learypropertygroupllc]

Pull the washer and dryer try to manage the 2 of them if u can

[GaryWang]

Love your video! Do you mind sharing your excel spreadsheet template? Thanks!

[zcorn]

Just downloaded the app! Like legitimately just got on it. Thank you so much! This is going to be a game changer!

[RyChOr]

Love the spreadsheet. Just wanted to point out that Cell Q26 does not include the HOA total in your sum formula

[damtheman]

Love that you do this in excel and manually. I feel it helps me and keeps me most organized too. Plus, I kind of enjoying it and "punching" numbers every month.

[JR-bxkw]

Great video. You show the property taxes, but most need to know that if you have a day job, the your also going to have an impact with income taxes... SO your profit needs a disclaimer its before personal income taxes. :)

[DylanOwens]

Can we get a copy of this spreadsheet template? Pretty Please?

[keeperzero]

I bought a house and rent it out I said there was no smoking allowed but the guy smoked in it and ended up catching the house on fire and it burnt well most of the ground the good news is at least I got the insurance money

[samuelmoijueh]

The houses look nice. I'm not familiar with Kansas City but I feel like you should be charging more in rent

[danferritto]

Great advice on the washer and dryer 👍

[itgamer]

What does she do that you can except put eyes on the property? I own property cross the states and do everything on my own. 😅 Haven't had a problem dealing with everything.

[JohnK.]

Bro I live a hr north of NYC and those tax numbers per month you pay are insanely low compared to NY.

[stevennoack]

Why do you have a property manager? You could have vetted maintenance guys and the one you go with ask him if its ok if my tenants call you directly. then he goes out to the property and looks at the issue. Calls you with a quote

[srortega]

Just curious why the mortgage is not listed in your numbers?

[CaseyBurnsInvesting]

As a traveler myself I’d definitely recommend taking an assignment somewhere you’re already familiar with if the intention us to buy a property. I got lucky out here in Boston but things could’ve gone much worse if I ended up in a bad location.

Nothing wrong with cash and dividend stocks until you want to plant roots.

[FinancialFreedomLifestyle]

Something I've learned during my real estate journey is the bigger the building the better and usually anything less then 6 units doesn't truly cash flow if you have debt on the properties.