Glenn N.
Taxes with hard money lenders
26 November 2024 | 11 replies
Right now treating it as interest but would like to make it active income to do a solo 401k .
Tammy Tomlinson
New Real Estate Investor
27 November 2024 | 6 replies
I am actively working on a buyer and a personal money lender list.
Melanie Baldridge
For Limited Partners
26 November 2024 | 4 replies
Uses the syndication depreciation losses to help offset active incomeI did read your post mentioned above @Michael Plaks which is very informative.
Carlos Manuel
Buying first home / investment property
3 December 2024 | 3 replies
Currently flippers are much more active locally than buy and hold
Becca F.
Buying from a flipper vs. primary homeowner vs. BRRRR for OOS
25 November 2024 | 3 replies
I was told by contractors that a home may pass an inspection but once someone is living in it and putting daily stress on the house, things will start to malfunction.
Melanie Baldridge
One of the best strategies?
26 November 2024 | 4 replies
Problem is only "RE pros" get to do it.There are 3 income classifications in the US - Active, Portfolio, and PassiveActive income is income derived from your job, or normal trade or business.Portfolio income is derived from bank instruments - stocks, bonds, etc.Passive income is income earned from investments.Active losses can wipe out both passive and portfolio income, but it doesn't work the other way around.Portfolio (capital) losses are limited to $3,000 annually.Passive losses can only be offset by passive gains.Real estate rental income by its nature is deemed passive per IRC Sec 469One way to get around it is to become a pro - spend more than 750 hours or 1/2 your time in real estate.But most folks aren't real estate pros.
Jonathan Greene
Why You Should Stop Talking About Quitting Your Job Before You Have Your 1st Property
26 November 2024 | 46 replies
I started to change my mindset, and figure out ways to work efficiently and reduce work stress.
Leo R.
Is anyone listing rentals on Craigslist in 2024?
3 December 2024 | 22 replies
However, several random websites still have my original listing with the $30,000 price as an active listing and my phone number.
Luca Perinuzzi
How to find brokerages that work with investors
30 November 2024 | 10 replies
We have worked with Investors and they are never really married to their Realtors unless you happen to connect with somebody looking to do a long-term hold and actively trying to find a good realistic deal.
Kwok Wong
What to do when no sold comps?
1 December 2024 | 9 replies
Stay in the same housing plan, school district, etc.Don't just look at sold comps, also look for active, contingent, and under contract listings.