Shows court costs $420 and fines of $500.Says they have much more income then needed to qualify. 

HELOCng a personal residence could leave them homeless in the event they fail at this.

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

For a Regulation A+ offering, you are not supposed to invest more than 10% of your net worth outside your primary residence if you are not accredited. 

I am in the process of getting a HELOC on my primary residence at the moment.

(This could potentially qualify your distributions as QBI -qualified business income - subject to a 20% deduction under 199A. 

Investment Info:Single-family residence fix & flip investment.

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

Investment Info:Single-family residence wholesale investment.