What made you interested in investing in this type of deal?

As a former college baseball player (albeit D3) and current coach for my 15U son, I commend you on your interest in real estate while still in school and playing ball.What type of property are you looking to acquire first?

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.

It could be worth transitioning to a midterm rental if there's demand for that type of housing in your area, like traveling professionals or remote workers.

So the important thing would be to identify what type of investor you are and then ask for recommendations only from similar people.

Purchase price: $134,900 Buy and hold 2 Bed/1 Bath rental in Keene New Hampshire What made you interested in investing in this type of deal?

Nothing wrong with partnerships - I have used one to scale way faster than I would have on my own because he brought skills I didn’t have - but if you can do a deal on your own first to get a better understanding of the entire process it may help you identify what you need from a partner and what types of things should be in the operating agreement.As for the operating agreement, be sure you sit down with an experienced attorney who will help go over the dozens of scenarios that may come up and how you would like to handle them. 

What made you interested in investing in this type of deal?

Purchase price: $260,000 Renovation is complete and currently running this as an AirBnB/Mid Term Rental What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?