@AdamSchefter Does this not screw Maxx? All teams signed FA’s and used a ton of their cap. You’d think this trade would of came with a new deal for him?
@theficouple What’s it come down to when including principal pay downs and such? Ultimately on 14 doors what are you aveaging annually in repair costs? Does your reserves normally cover this? I imagine $1585 is likely your property management costs.
@BarbellFi details on the home and rentals. Taxes? Mortage?
Likely he should work 2-3 more years, try to get 1M+ in the market leveraging tax advantage accounts first….
If he can downsize to a home about half the value and put ~1M in the bank as well he’s set big time
@TripleNetTyler@taxdeferredtim Doesn’t this contradict the above though? You’re saying rents are lower than payments when you buy. Also we both know one property won’t produce enough to cover a rent payment let alone a $5000 one like you referenced above. Thoughts?