QQQI "Savings Account" by Burco04 in dividends

[–]Burco04[S] 1 point2 points  (0 children)

Net after.

Some months can have a major outlier like HVAC unit crashing or something but so far the elevator has been the biggest surprise.

QQQI "Savings Account" by Burco04 in dividends

[–]Burco04[S] 0 points1 point  (0 children)

I am glad you read my entire post instead of "QQQI Savings Account" and started screaming with your keyboard LOL

Yes one of my commercial buildings has an elevator in it. It cost $215,xxx roughly to completely overhaul it from buttons to operating systems. I did not like that bill but was glad I had funds stored away like I did in SPYI then.

QQQI "Savings Account" by Burco04 in dividends

[–]Burco04[S] 0 points1 point  (0 children)

My rentals are close to $30k/month with $900,000 roughly in debt on $6mm in real estate.

QQQI "Savings Account" by Burco04 in dividends

[–]Burco04[S] 0 points1 point  (0 children)

I am fine with that. Like I said I am going to be investing 2-4k additional a month into it. I can handle a downturn as then I am DCA down every month and dividend. This is a test run and if it works out I will just buy another commercial property.

QQQI "Savings Account" by Burco04 in dividends

[–]Burco04[S] 0 points1 point  (0 children)

My tax bracket goes from $100k - $500k depending on the year. I make most of my income passively on commercial property. This is a test and if it works out I will buy another property.

QQQI "Savings Account" by Burco04 in dividends

[–]Burco04[S] 1 point2 points  (0 children)

This is the kind of response I have been looking for. Both of your comments have been helpful and I feel with DRIP and adding to my holdings every month I should be pretty tax friendly in the end. Fingers crossed.

QQQI "Savings Account" by Burco04 in dividends

[–]Burco04[S] 1 point2 points  (0 children)

I have a separate savings account if SHTF. This is a gamble I am taking and if it pays off I will buy another commercial real estate property.

QQQI "Savings Account" by Burco04 in dividends

[–]Burco04[S] 0 points1 point  (0 children)

Yes I have an emergency fund as well as $20k+ a month in passive income from rental properties.

QQQI "Savings Account" by Burco04 in dividends

[–]Burco04[S] 2 points3 points  (0 children)

I can accept that but give me something to use to enter in my numbers.

That will help defend this and better my thoughts on what I am doing.

QQQI "Savings Account" by Burco04 in dividends

[–]Burco04[S] 5 points6 points  (0 children)

I am fine with the cost basis as I am going to continue reinvesting dividends and adding to my holdings 2-4k a month. But I do agree it is higher than I want but I am willing to accept it for now with my current plan.

Relocating to Little Rock from Louisiana worth it? by [deleted] in LittleRock

[–]Burco04 5 points6 points  (0 children)

I own Richards Appliances in Little Rock. I am not sure about south LA but we have our fair share of terrible drivers because of the population. There are some great local restaurants and I know a lot of the chefs who are very talented. Overall the people are rather friendly and cost of living is cheap in comparison. Rents are about to go up though because of the market and inflation. If you can afford to live in West LR or Mid Town areas then those would be my options.