tag:blogger.com,1999:blog-1108425927016339267.post2157003396277083915..comments2023-10-05T02:55:57.928-07:00Comments on Investing Early: Rental Property - Victorian house 1Anonymoushttp://www.blogger.com/profile/01479600418024745825noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1108425927016339267.post-26720142299428040902014-01-09T03:46:24.763-08:002014-01-09T03:46:24.763-08:00Thanks for sharing these type of post. Such types ...Thanks for sharing these type of post. Such types of post are very useful for the guy who interested for the purchasing or renting property. <a href="http://www.melbournepropertyinvestments.com.au/" rel="nofollow">Property Investment Victoria </a>Anonymoushttps://www.blogger.com/profile/17930636396474114946noreply@blogger.comtag:blogger.com,1999:blog-1108425927016339267.post-67274660592720824582012-03-14T09:51:35.649-07:002012-03-14T09:51:35.649-07:00The figures above look good, but honestly it has b...The figures above look good, but honestly it has been very difficult to budget the rental adventures...I can go 2 years with nothing bad happening. Then immediately a water heater and all hot water pipes replaced ($1200 expense) in one house.<br /><br />What helps me, is to deposit my rental incomes into their own account. As the account reaches $3,000 any extra can be withdrawn. This cushion is probably too big but it is sure to cover everything but a roof replacement. <br /><br />As for taxes, I'll post about these later, but basically the write-off amounts will be the gravy in the investments, not the cash-flow itself.Anonymoushttps://www.blogger.com/profile/01479600418024745825noreply@blogger.comtag:blogger.com,1999:blog-1108425927016339267.post-37705865151069847582012-03-14T04:57:31.196-07:002012-03-14T04:57:31.196-07:00I have to admit man I am impressed. You mentioned ...I have to admit man I am impressed. You mentioned <$10/hour job and getting $200 cash flow a month.<br /><br />How do you budget out and plan for expenses?<br />I had always thought about...<br />10% goes to repairs<br />10% property management company (I do NOT want to deal with the headaches of being a landlord myself)<br />10% vacancy (to plan for the months in between renters)<br />10% set aside for taxes. In the beginning when you have your loan interest and deprecation as a deduction they cover most of the taxes but eventually you'd need to pay taxesPulling Myself Uphttps://www.blogger.com/profile/03676667648941966869noreply@blogger.com