Tag Archive: income

When buying a house, should I use my gross income or net income to determine what I can afford?

September 3, 2014 by 2 Comments

There’s a big difference between your gross income and your net income. Your gross income is the money you earn each month before taxes are removed. Your net income is that same income after taxes are removed. No surprise, your net monthly income is usually much lower than your gross monthly income. When it’s time to buy... View Article

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4 Steps to Turn Your Rental Property into a Smart Passive Income Stream

July 29, 2014 by Leave a comment

As discussed in the first part of these series on Rental Properties as Passive Income, Is Real Estate Really Passive Income?, real estate and rental properties aren’t an immediate gateway to a passive income stream. Often, it takes hard work and a serious investment of time before properties you own can run as turnkey operations that require little... View Article

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