# What so you guys do for supplemental income?

**URL:** <https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863>\
**Category:** NYSpeed Off Topic\
**Created:** [April 9, 2013, 7:21am UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863 "2013-04-09T07:21:47Z")\
**Posts on this page:** 20\
**Page:** 6

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**Author:** ![KuntryQuestTSi](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/kuntryquesttsi/32/5010_2.png) [@KuntryQuestTSi](https://forums.speedlife.net/u/KuntryQuestTSi)\
**Post date:** [January 16, 2014, 10:42am UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863/101 "2014-01-16T10:42:50Z")

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Unless it’s beck’s

Sent from my XT907 using Tapatalk

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**Author:** ![Gus](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/gus/32/5112_2.png) [@Gus](https://forums.speedlife.net/u/Gus)\
**Post date:** [January 16, 2014, 10:44am UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863/102 "2014-01-16T10:44:58Z")

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> [@ubengineering](#):
>
> I’m not getting into a dick measuring contest, a person’s income is a very personal matter.

No one else brought up their income/ot tax besides you…

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**Author:** ![ubengineering](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ubengineering/32/5171_2.png) [@ubengineering](https://forums.speedlife.net/u/ubengineering)\
**Post date:** [January 16, 2014, 11:12am UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863/103 "2014-01-16T11:12:45Z")

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Not my income, an amount of OT doesn’t mean anything, you don’t know whether the person worked 1000 extra hours or 10. I was called out for BS, I’m just answering.

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> [@KuntryQuestTSi](#):
>
> Unless it’s beck’s
> 
> Sent from my XT907 using Tapatalk

It’s his personal choice to post it, I wouldn’t

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    - Updated - - -

**BACK** on topic, I still do live at home and hope this year I can find someplace to move out. But I do not want a single home, I have been looking the last month or so at doubles and multiple family homes, haven’t had much luck though. But when I do find someplace, I’m hoping I can start out small and eventually branch out with a few places over the next ten years or so. A couple guys I work with do this as a side income and have been very successful, they tell me the key is finding the right tenant and it’s all in the interview process.

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**Author:** ![Bsp\_TC](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bsp_tc/32/4998_2.png) [@Bsp\_TC](https://forums.speedlife.net/u/Bsp_TC)\
**Post date:** [January 16, 2014, 11:31am UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863/104 "2014-01-16T11:31:56Z")

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> [@ubengineering](#):
>
> I’m not getting into a dick measuring contest, a person’s income is a very personal matter.

Then why brag about 32k in taxes from OT

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**Author:** ![91MR2](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/91mr2/32/7217_2.png) [@91MR2](https://forums.speedlife.net/u/91MR2)\
**Post date:** [January 16, 2014, 11:32am UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863/105 "2014-01-16T11:32:02Z")

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> [@ubengineering](#):
>
> …they tell me the key is finding the right tenant and it’s all in the interview process

There’s a lot more to it than that.

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**Author:** ![KuntryQuestTSi](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/kuntryquesttsi/32/5010_2.png) [@KuntryQuestTSi](https://forums.speedlife.net/u/KuntryQuestTSi)\
**Post date:** [January 16, 2014, 11:35am UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863/106 "2014-01-16T11:35:03Z")

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On topic. I do the same as 95dime. Fix shit on the side. I rebuilt someone’s Rev 800, replacing trailing arms on a outlander now. Along with various car jobs.

Sent from my XT907 using Tapatalk

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**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\
**Post date:** [January 16, 2014, 11:35am UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863/107 "2014-01-16T11:35:49Z")

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> [@Bsp TC](#):
>
> Then why brag about 32k in taxes from OT

Subtle brag is ok

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**Author:** ![02NismoSpecV](https://avatars.discourse-cdn.com/v4/letter/0/74df32/32.png) [@02NismoSpecV](https://forums.speedlife.net/u/02NismoSpecV)\
**Post date:** [January 16, 2014, 11:54am UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863/108 "2014-01-16T11:54:43Z")

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> [@ubengineering](#):
>
> Already trying to get Naab in the door, you guys will have to wait your turns.
> 
> Edit: I just realized the 32k in OT taxes alone at 48% would pretty much mean I made 64k in OT last year, sorry I did that incorrectly, what I meant was 16K in OT taxes

patiently waiting… lol. hope this can happen!

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**Author:** ![ubengineering](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ubengineering/32/5171_2.png) [@ubengineering](https://forums.speedlife.net/u/ubengineering)\
**Post date:** [January 16, 2014, 11:57am UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863/109 "2014-01-16T11:57:55Z")

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> [@Bsp TC](#):
>
> Then why brag about 32k in taxes from OT

> [@LZ](#):
>
> Subtle brag is ok

I considered it subtle…

> [@91MR2](#):
>
> There’s a lot more to it than that.

I’ll ask questions when I come close to pulling the trigger

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**Author:** ![drvnkd](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/drvnkd/32/109615_2.png) [@drvnkd](https://forums.speedlife.net/u/drvnkd)\
**Post date:** [January 16, 2014, 12:08pm UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863/110 "2014-01-16T12:08:56Z")

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> [@ubengineering](#):
>
> they tell me the key is finding the right tenant and it’s all in the interview process.

Be sure to get a wife so you can buy more than 4 properties.

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**Author:** ![ubengineering](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ubengineering/32/5171_2.png) [@ubengineering](https://forums.speedlife.net/u/ubengineering)\
**Post date:** [January 16, 2014, 12:12pm UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863/111 "2014-01-16T12:12:16Z")

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[quote=“drvnkd,post:110,topic:229863"”]

Be sure to get a wife so you can buy more than 4 properties.

[/quote]

Actually the two guys I work with, their wives manage the properties while they’re at work.

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**Author:** ![BOBBYGRV](https://avatars.discourse-cdn.com/v4/letter/b/ed8c4c/32.png) [@BOBBYGRV](https://forums.speedlife.net/u/BOBBYGRV)\
**Post date:** [January 16, 2014, 12:12pm UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863/112 "2014-01-16T12:12:21Z")

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![http://emotibot.net/pix/459.gif](http://emotibot.net/pix/459.gif)

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**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\
**Post date:** [January 16, 2014, 12:15pm UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863/113 "2014-01-16T12:15:35Z")

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I am going to become a rapper like Riff Raff.

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**Author:** ![ProgRocker](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/progrocker/32/5434_2.png) [@ProgRocker](https://forums.speedlife.net/u/ProgRocker)\
**Post date:** [January 16, 2014, 12:18pm UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863/114 "2014-01-16T12:18:01Z")

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> [@cougarspeed](#):
>
> I am going to become a rapper like Riff Raff.

You cookie cutter, easy bake.

Sent from my MotoX using Tapatalk

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**Author:** ![91MR2](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/91mr2/32/7217_2.png) [@91MR2](https://forums.speedlife.net/u/91MR2)\
**Post date:** [January 16, 2014, 12:20pm UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863/115 "2014-01-16T12:20:23Z")

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[quote=“drvnkd,post:110,topic:229863"”]

Be sure to get a wife so you can buy more than 4 properties.

[/quote]

Where did you hear that?

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**Author:** ![drvnkd](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/drvnkd/32/109615_2.png) [@drvnkd](https://forums.speedlife.net/u/drvnkd)\
**Post date:** [January 16, 2014, 12:32pm UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863/116 "2014-01-16T12:32:27Z")

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I heard it from a guy I know while he was eating a cheesburger. I’m 100% sure it’s exactly correct probably.

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**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\
**Post date:** [January 16, 2014, 12:45pm UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863/117 "2014-01-16T12:45:26Z")

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> [@ubengineering](#):
>
> Well I don’t know you that well so it would kinda be strange handing a resume to my upper management and they ask “tell me something about this person, would you stake your reputation on them?” But it doesn’t mean I wouldn’t take your resume, I just wouldn’t put myself on the line for you. Also I’m suppossed to be coming to you! I wanted someone to look over my 401k this year and see if it would be good to move any money around, so I probably will end up PMing you.

GM is “too big to fail”, everyone and their cousin in this area has family & friends that work there. I wouldn’t actually ask a stranger for a job reference, especially when I have several direct references. 401k my advice is to buy then sell then buy back cheaper. 😉

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**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\
**Post date:** [January 16, 2014, 1:03pm UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863/118 "2014-01-16T13:03:39Z")

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[quote=“drvnkd,post:116,topic:229863"”]

I heard it from a guy I know while he was eating a cheesburger. I’m 100% sure it’s exactly correct probably.

[/quote]

another one for the greatest posts thread… if we had one.

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**Author:** ![L8APEX1](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/l8apex1/32/7276_2.png) [@L8APEX1](https://forums.speedlife.net/u/L8APEX1)\
**Post date:** [January 16, 2014, 1:22pm UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863/119 "2014-01-16T13:22:31Z")

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I turn in pop tabs for kegs at Wegmans then sell the kegs for cash to the diabetics and cat rescue places that I stole them from.

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**Author:** ![slo\_ride](https://avatars.discourse-cdn.com/v4/letter/s/49beb7/32.png) [@slo\_ride](https://forums.speedlife.net/u/slo_ride)\
**Post date:** [January 16, 2014, 3:11pm UTC](https://forums.speedlife.net/t/what-so-you-guys-do-for-supplemental-income/229863/120 "2014-01-16T15:11:33Z")

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[quote=“drvnkd,post:110,topic:229863"”]

Be sure to get a wife so you can buy more than 4 properties.

[/quote]

i think you are referencing how many mortgages an individual USED to be able to carry in their name if the mortgage was going to be backed by fannie mae…that limit was rolled back a few years ago…i believe fannie mae now limits it to 10… although you will still be hard pressed to find a bank looking to loan money to you in the form of residential mortgages on 5-10 properties.

once you get to that many separate properties you are probably better off looking at commercial lending options through the bank. the terms aren’t as good…you aren’t going to get a 30-year fixed rate loan… but it opens up a new world of financing options.

or you could just buy the places outright and forget all this financing stuff.

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