Investment Info:Single-family residence wholesale 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.

Residences and cars are not purchased in individuals names.  

I have already been fully qualified for both the line of credit and DSCR.

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

If you do not qualify for a conventional loan, DSCR and HML are the two commercial options available.

How much sq footage does the lot need to qualify for an ADU?

Reside in Charlestown WV (D.M.V.), but my existing LLCs is based in VA and IL.

Hey BP Community,I am an Atlanta resident and bought an older triplex about a year ago to house hack in (live in one unit and rent the other two out).