here is an old post, written in 08, I own 91 units at the time, numbers are somewhat changed since then, but only in the better way,,
I don't know if 小石头has 10mil or XXX重魔力 since he
2008-07-17 19:24:21
would not show me his bank account, but I can tell you what I know about me..
1. I hold a 7.4mil rental portfolio, total of 91 units, in the middle of nowhere in the state of Indiana, we Hoosiers got really excited lately since we never had any presidential candidates campaigning in our state, thanks to Hillary and Obama, but I am not voting for either one of them. 2. I grossed about 600k in rental income with positive cash flow a bit under 100k. 3. I paid over 250k in interest payment in varies kind, some bank notes, some contracts. 4. I paid over 120k in property taxes each year. 5. I wrote off over 150k in depreciation last year, of which 29k of it went against other business income from other things. 6. I file every year but had not pay federal a dime for last 5 years, actually uncle sam pays me each year for having 2 wonderful kids, but too bad I still have to pay in for state tax maybe about 4k or so. 7. I did not use a big accounting firm but I been with my CPA for 19 years, I bet I pay more than most people pay an accountant in 10 years, my bill for this year just for yearend was $9800, now if anyone questioning this bill, I will glad to show you but you have to chip in to help pay for it.
Indiana... - jy101发表于 投资理财 - 论坛 | 文学城 (wenxuecity.com)
Indiana... 字体：调大/重置/调小 | 加入书签 | 打印 | 所有跟帖 | 加跟贴 | 当前最热讨论主题 回答: 看了jy101的几篇文章，想请问 由 途中燕子 于 2012-03-06 07:56:41here is an old post, written in 08, I own 91 units at the time, numbers are somewhat changed since then, but only in the better way,,
would not show me his bank account, but I can tell you what I know about me..
1. I hold a 7.4mil rental portfolio, total of 91 units, in the middle of nowhere in the state of Indiana, we Hoosiers got really excited lately since we never had any presidential candidates campaigning in our state, thanks to Hillary and Obama, but I am not voting for either one of them.
2. I grossed about 600k in rental income with positive cash flow a bit under 100k.
3. I paid over 250k in interest payment in varies kind, some bank notes, some contracts.
4. I paid over 120k in property taxes each year.
5. I wrote off over 150k in depreciation last year, of which 29k of it went against other business income from other things.
6. I file every year but had not pay federal a dime for last 5 years, actually uncle sam pays me each year for having 2 wonderful kids, but too bad I still have to pay in for state tax maybe about 4k or so.
7. I did not use a big accounting firm but I been with my CPA for 19 years, I bet I pay more than most people pay an accountant in 10 years, my bill for this year just for yearend was $9800, now if anyone questioning this bill, I will glad to show you but you have to chip in to help pay for it.
读武侠小说与参加多个微信群，这是他本人说过的 LOL
1）您为什么这么喜欢您的CPA， 他有什么特别之处您用了19年？我们目前的报税的CPA收费$2000多，在报税的过程中，也会给一些tax 规划的建议。不知道我们这些年缺失了什么，因为没用过再贵的了。
2）08年的7.4M的rental property, 现在的价值和rental income 提高了多少？回头看是否好区的增值和收益更好（或者不是）， 虽然好区买的时候数量上买的更少？
谢谢！