How Much I Make From My 2 Rental Properties

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How Much I Make From My 2 Rental Properties

Рет қаралды 10,949

Күн бұрын

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How Much I Make From My 2 Rental Properties
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Пікірлер: 76

@jjbuckner Жыл бұрын

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.

@caseyntrent Жыл бұрын

I always watch you on my tv so I don’t usually comment but I jumped on here to ask about that. Thanks for clarifying. And thanks for sharing. I love your videos. I have three rental properties and want to build a bigger portfolio but this market stinks for that !!

@spooler24 Жыл бұрын

Great video and thank you for the transparency!!

@respthep1 Жыл бұрын

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!

@andreavenghaus354 Жыл бұрын

Do what everybody else is doing if you are okay with only having what everybody else has.Information that will pay you everyday, you've got to stop saving all your money. Venture into investing some, if you really want financial stability. Choose to grow and elevate your mind by studying audios, videos, attending conferences that will give you the edge!

@juanveronica6654 Жыл бұрын

@@andreavenghaus354 Exactly, money is always eager and ready to work for anyone who is ready to employ it. That is why it’s nice to start up an investment now. I have researched about this bitcoin and I found it profitable.

@anthonythobias2034 Жыл бұрын

I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do because i have no idea of how and where to invest in these?

@kaiaschwartz2428 Жыл бұрын

@@anthonythobias2034 In situations like this,I always recommend to people on getting guidance at least from someone that understands price action and all that while you strive on improving yourself by watching videos and learning fundamental analysis.

@pucciofabrizio7053 Жыл бұрын

Lately I’ve been thinking of buying cryptocurrency for retirement, I’ve set asides $350k to invest but along the line,I usually get cold feet, maybe because I have no idea what I’m doing,

@ryanmarocki Жыл бұрын

Good Luck! You got this man!

@jjbuckner Жыл бұрын

Thanks Ryan!

@GaryWang Жыл бұрын

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

@learypropertygroupllc2830 Жыл бұрын

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

@zcorn1 Жыл бұрын

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

@minnyvike1 Жыл бұрын

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?

@DylanOwens1 Жыл бұрын

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

@samuelmoijueh2030 3 ай бұрын

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

@RyChOr2005 Жыл бұрын

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

@jjbuckner Жыл бұрын

Thanks Ryan! Yea, that charge for the HOA was made in January of 2023 so will reflect on this years taxes not 2022.

@damtheman Жыл бұрын

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.

@jjbuckner Жыл бұрын

haha same!

@JR-bx6kw 10 ай бұрын

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. :)

@danferritto1 Жыл бұрын

Great advice on the washer and dryer 👍

@jjbuckner Жыл бұрын

Glad it was helpful!

@respthep1 Жыл бұрын

can you share your spreadsheet?

@JohnK.11 Жыл бұрын

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

@itgamer4143 Жыл бұрын

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.

@keeperzero Жыл бұрын

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

@ISILENTNINJAI 10 ай бұрын

I'd be so passed if that happen to me

@robinruane6255 Жыл бұрын

Good stuff JJ!

@jjbuckner Жыл бұрын

Thanks Robin!

@Nathan.Robert Жыл бұрын

Yo thats wassup JJ!

@jjbuckner Жыл бұрын

Aye Nathan!

@CaseyBurnsInvesting Жыл бұрын

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 Жыл бұрын

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.

@jjbuckner Жыл бұрын

I won't disagree saying bigger the better. As far as properties not truly cash flowing if under 6 units (having debt) I would have to disagree on.

@StasTalksStocks Жыл бұрын

Love that shirt dude😭🤣

@jjbuckner Жыл бұрын

Haha thanks brother lol

@NickOloteo Жыл бұрын

That townhouse rental kind of reminds me of my grandma’s neighborhood in O’fallon

@jjbuckner Жыл бұрын

O’Fallon, MO? Nice area

@NickOloteo Жыл бұрын

@@jjbuckner yes but super humid. I was there visiting in august and it was hotter than Texas.

@stevennoack6799 Жыл бұрын

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

@jjbuckner Жыл бұрын

What about showing the property? What about quarterly inspections to make sure tenants aren't tearing up the house? What about projects too big for the maintenance guy? I live far from these properties and like being hands off. Without a property manager that is simply not possible lol

@stevennoack6799 Жыл бұрын

@@jjbuckner show the property when you come into town to visit relatives, I don't bother my tenants with quarterly inspections, and if the project is to big google a company to fix it. Boom problems solved. lol

@srortega Жыл бұрын

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

@jjbuckner Жыл бұрын

Principal is not listed bc I can’t count that as an expense to the IRS. Forgot to mention that in the video. Should have included that.

@srortega Жыл бұрын

@@jjbuckner That makes sense, but curious... are you net positive income after the mortgages?

@jjbuckner Жыл бұрын

@@srortega still net positive. Actually pinned a comment with updated numbers bc of your comment lol

@brianhall2525 Жыл бұрын

Any interest on a rental on a beach area somewhere? Or more of a vaca spot for the next rental?

@jjbuckner Жыл бұрын

Absolutely! Would love to try out the Airbnb space but with the unknown of the economy is making me want to wait to jump in a bit.

@brianhall2525 Жыл бұрын

@@jjbuckner Agree, I think Q4 for sure you are gonna find some gems if you are patient.

@NickOloteo Жыл бұрын

Big Rental Energy

@jjbuckner Жыл бұрын

Haha I like it!

@sirus312 Жыл бұрын

rentals are dangerous be careful. because at 2 am your tenant can demand you come over and tuck them into bed or draw a bath. HELL NO!!!! weekly call options are safer

@michellewinkler3985 Жыл бұрын

We had a call on Christmas Day!!!! to repair a hole in the drywall ceiling from a water leak from the bathroom above! Sold the dang thing later on, right as COVID hit. Knew that would bring on more issues! So glad we did!

@davidmyre965 Жыл бұрын

Are you missing the mortgage payments on the spreadsheet? I see the interest, but not the principal.

@jjbuckner Жыл бұрын

You can’t count principal pay down as an expense to the IRS. Probably should have mentioned that in the video. That’s my fault lol

@J_pearce01 Жыл бұрын

Me and my fiancé are getting married in April and buying a town house from her family in may or June. We are renting the townhouse from them right now and they’re going to sell it for 158k recently sold is like 211k. Feel really fortunate for the opportunity. Seven miles from LSU so we plan on renting it out when we are done living here.