Newbie from Irvine, CA

[Kay C.]

Hey everybody,

My name is Kay and I am completely new to real estate investments. I'm from Irvine, CA and currently working a 9-5 job while saving capital for the first investment property.

My goal is to create a passive cash flow of $6,000 in the future and will always be open to hearing your stories and providing whatever feedback that may help.

To start off, I was wondering what the deal was with the NIIT (Net Investment Income Tax) that passed this year on 1/1/2013. It seems that if there are earnings from estates that are more than $11,950 per year, then the 3.8% tax will kick in on the earnings above $11,950.

I.E. You make $15,000 from your tenants' rent during the year, so the 3.8% tax will affect ($15,000 - $11,950) = $3,050 of your earnings.

Sorry if this is the wrong place to ask, I'll repost if necessary.

Thanks in advance!