Whether you’re new to investing, looking to expand your portfolio, or interested in starting your own short-term rental, I’d love to connect and share my insights.I’m here to keep learning and contributing to the community that’s helped me so much.

I plan on building up a real estate portfolio. 

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.

Purchase price: $62,950 Cash invested: $45,000 Single family home with all the Capex updated making this home a great place for an first time home buyer or someone looking to optimize there portfolio.

The refi or additional debt of any kind will impact the current performance of your property I'm never a great fan of selling a good producing property - unless I am certain I can improve the overall performance of my portfolio. 

I've helped investors across the US, and with over 150 flips under our family's belt and a growing BRRR portfolio, I've seen what works - and what doesn't.Tap 'View Page' to connect.. whether you're just starting or scaling up, I'll make sure you're talking to the absolute best investor-friendly agent in any market. 

Delegating up front will help you open up brain space to expand and think about how to add to your portfolio, rather than running your portfolio.2.

You could grow a portfolio but will it be sustainable?

I remember back when I was ramping up my own rental portfolio in those early-2000s San Diego days, I learned the hard way that ignoring “little” costs..like that termite treatment or the property manager’s onboarding fee..can turn what looked like a sweet deal into something that barely breaks even.Let’s say you pick up a property in one of those under-the-radar neighborhoods in Omaha or maybe on the south side of Chicago..markets I’ve seen a few colleagues dabbling in lately..you’ve got to be ready to get real about the numbers.

My wife and I got in the rental property business a couple of years ago, having two small condos in our portfolio.