Nice, only about $72k/mo.Do you take Bitcoin?

In used to finance the international trade in my previous career and I understand that claiming that Panama City will become another Hong Kong or Singapore and that therefore Panama City's real estate prices should catch up to those of Hong Kong or Singapore.

@Eamonn McElroy with all respect, your answer confuses me further. its either passive or not.If its not, its trade or business income.   

Ask me how I know.....Painting is the single trade that everyone takes for granted - that is the hardest to do right.

The best course of action will be to narrow in on the type of land you want to deal in and then optimize your disposition strategy for that niche.It's a classic "Jack of all Trades, Master of None" issue.If you have a specific example in mind you want to share I'm sure we could provide some suggestions.

Hey Tim, For the REPS status, you need to pass TWO tests to offset the losses generated from rentals against your active income. test 1. 750 hours in a real property trade our business and more then any other activity. test 2. materially participating in your rental activities. 

heres whati got froma recent e-renter screen. propspective tenant got a notification that they failed and called me asking why as her credit score is apparently above 630Credit CheckYour applicant does not meet your minimum criteria at this time.6Total Trade Accounts$5,xxx.00Current Balance Reported on All Accounts2Total Negative Trade Accounts$1,xxx.00Past Due Reported on All Accounts0Negative Accounts in Collection$0.00Total Monthly Payments0Disregarded School/Medical LoansLatest Delinquent Payment (if reported)Top Risk Factors Affecting GradeSerious delinquency, and public record or collection filedTime since delinquency is too recent or unknownProportion of balances to credit limits on revolving accounts is too highNumber of accounts with delinquency

A Heloc is a debt burden and add an extra tradeline to your credit which can cause higher DTI and excessive trade lines can drop scores.

That said, it’s for those same reasons that the cost barrier to entry to far less in those markets in comparison to others, which is a trade off, I know.

My name is Brittany Allerdyce. I'm Texan born and bred but have also lived in New Orleans, Santa Barbara and now New York. I'm a dedicated yogi, lover of jazz, and mother to one human and three fur babies.
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