ilmscore | Money Diaries | Increasing my expenses by 91% moving to LA

Money Diaries | Increasing my expenses by 91% moving to LA

Published: 2024-08-02
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
Predicted that her Airbnb will generate at least $1,000 in income per month.
"hopefully the Airbnb is going to bring in at least $1,000 a month"
Airbnb income
Pending
Predicted that her business income will increase in the next few months and over the next year and a half.
"I have some big plans for my business in the next few months and then over the next year and a half so I really look forward to seeing these numbers increase"
Business income
Pending
Predicted that she will be paying California state taxes due to being domiciled there.
"the one big big big thing other than rent is going to be taxes because now I'm going to be domiciled in California paying California state taxes"
California state taxes
Pending
Predicted that her monthly expenses in LA will not be significantly higher than in Mexico City, possibly only a couple of thousand dollars more.
"I feel like my expenses in LA are going to be not that much bigger um maybe a couple thousand more than I spent in Mexico City"
Living expenses in Los Angeles
Pending
Predicted that one-third of her apartment will qualify as a home office and be a tax write-off.
"about a third of my apartment is going to be my home office so that's going to be a tax write off"
Home office tax write-off
Pending
Predicted that she will eventually sell her rental property at a profit, holding onto it as long as necessary.
"I'm planning to just rent it out and hold on to it for as long as I need to in order to be able to sell it at a profit versus a loss"
Sale of rental property
Pending
Predicted that she would make $130,000 profit if she sells her second rental property at her desired listing price.
"the second one I realized I could sell and if I get the listing price that I want I would make about $130,000 of profit on it"
Profit from sale of second rental property
Pending
Predicted that stock market investments, unlike real estate, will not result in maintenance emergency calls.
"stock market Investments which will never ever call me in the middle of the night with like a maintenance emergency request"
Stock market investments
Pending