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93195 t1_itt2c88 wrote

$150K plane that costs $30K/yr to operate (it’s always the higher number) plus both sides of a duplex, plus you want to maybe get another duplex too?

Seems like a big ask at $100K/yr. Just operating the place alone is 30% of your pretax income.

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Seinfeld-Lyfe OP t1_itt5x7i wrote

This is true. I realized I should have put “after taxes” in parentheses after that number and have done so now haha. And I know that’s still tight for those numbers. Yeah 25k is already quite conservative and 30k is very conservative. Those are padded numbers from someone I know who operates the same aircraft.

It would be cool to move on to the second duplex after a couple years of owning the property and the plane but a second property could definitely wait. The flying is definitely higher on my list than the additional property.

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