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I would’ve put $50,000 into a s&p and paid the rest of the house off
My mom recently inherited a property and my "rich uncle" who has been a landlord for many years told her to sell it. My mom has a very hard head/rebellious spirit. She rented it to my very spoiled 67yo sister who only paid rent for half the term of the lease. As soon as she convinced my sis to move out, she sold it🤭 cuz u know a hard head makes a soft 🍑 as it's saidd
ok
The IRS considers rental income as passive income because you do not actively participate in the generation of the income. Their words not mine. Dave’s point is that it is a lot of work being a landlord and this caller is 22 and about to get in over his head. Those are two different ideas.