Readers should seek professional advice.

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.

I attended local meet-ups, joined real estate associations, and even reached out to experienced professionals in my area.

This organization will help you manage cash flow, plan investments, and operate like a true CEO.6.Build Your Network: Real estate success is a team sport.

It’s great to see your enthusiasm, and you’re in the right place—this community is full of knowledgeable and supportive investors, professionals, and entrepreneurs.

Readers should seek professional advice.

It has to do with the professional way you've handled yourself, the good communication with our team and the fact that you are closing your first house with us.  

Title work Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

All kitchens were professionally installed and the building is in great condition.

It's not our professional practice.