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Updated over 9 years ago on . Most recent reply

User Stats

340
Posts
186
Votes
Bill Schrimpf
  • Real Estate Agent
  • Reno, NV
186
Votes |
340
Posts

Massive passive income - NOT !!

Bill Schrimpf
  • Real Estate Agent
  • Reno, NV
Posted

I love contradiction.

I've listened to most BP podcasts.  Just about every guest says, one way or another, in the famous 4, the key is getting going is to do something.  

Many types of income from real estate investing is passive by IRS standards. As most podcast guests point out and every pro I've talked to says, REI is not passive. Is REI as demanding as your day job, probably not, but it sure isn't passive.

Thank you IRS for the lower rates and befuddled masses.

  • Bill Schrimpf
  • 775-741-2326

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