Watch and track your favorite playlist.
Curated by: Mike Wilson | RecycleYourMoney (136 videos)
Rentals are not passive income. I'm a real estate agent and I would never buy another rental property, and in this video I break down what owning one actually cost me in repairs, taxes and time. My rental sold for a $73,000 check and after the down payment, about $30,000 in updates and roughly $20,000 in taxes, my real profit was about $10,000 over 6 years. Between the 2 rentals I sold I will pay around $60,000 in taxes and depreciation recapture. A rental is basically a dividend stock that texts you at 2am, and in this video I go over why I moved that money into ETFs instead and what I do now. -- Everything I’ve built to help you level up financially is now in one place 👉 http://bit.ly/3J9KC3V -- Private Discord whop.com/recycleyourmoney/recycleyourmoney-discord -- Disclaimer: This video is for educational and entertainment purposes only. Nothing discussed should be considered financial, tax, or investment advice. Always do your own research or consult a licensed professional before making financial decisions.