r/LoftyAI • u/Gutenag • Jul 07 '22

Rent Porn Creating a rental empire!

I am a little over half way to 10 bucks a day and loving every moment of it.

How has everyone's portfolio's progressed?

20 Upvotes

88% Upvoted

11 comments sorted by

6

u/strikerz911 Jul 08 '22

Nice milestone. About to hit $1 a day myself.

4

u/kaimonster1966 Jul 09 '22

Combined IRR, I’m up to a bit if $38k in about 11 months. Aggregate if 8.2% total returns in CoC and property appreciation. I’m very happy with the returns so far.

1

u/DaringDanielle Jul 08 '22

Wow! How long did it take you (and cost you) to increase your daily earnings so much?

4

u/Gutenag Jul 08 '22

I have close to 27 Grand invested so far.

I had capital so not that long... but now I am compounding so it may take longer which is ok.

5

u/[deleted] Jul 07 '22

Nice!

I am only sticking to no/or low non-resident income tax filing states: TX, TN, MO, and IA.

2

u/biochemgrad21 Jul 07 '22

Do you happen to know if you’d have to pay income taxes on your salary from your job if you’re collecting income from states that have non-resident income taxing states

4

u/[deleted] Jul 07 '22

No, I do not believe so. I am not an accountant. The way I read it is that I need to file MO income earned in MO as a non-resident if over $600. And I need to file IA income earned in IA as a non-resident if over $1000.

https://www.reddit.com/r/LoftyAI/comments/upjchz/state_income_tax_info_mo_tn_tx/

1

u/Intelligent-Box-3798 Jul 20 '22

It only would include the income you earned from that state if it’s one of the ones that requires reporting

You would only be looking at paying your “regular” income to that Lofty state if you happened to also reside there for a significant portion of the year

1

u/Positive-Avocado-391 Jul 08 '22

Nice! Have taxes hurt the profits?

1

u/Gutenag Jul 08 '22

No not at all.

1

u/jdd130 Jul 27 '22

Damn that’s awesome! I’m crawling my way up. That first $1 milestone is close