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27 November 2024 | 6 replies
I am actively working on a buyer and a personal money lender list.
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26 November 2024 | 11 replies
Right now treating it as interest but would like to make it active income to do a solo 401k .
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2 December 2024 | 34 replies
How social media, computers Zillow, Redfin, Bigger Pockets has turned real estate into such a POPULAR way to make money!
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7 December 2024 | 14 replies
But we have a smaller one (1100 sq ft) in a lesser subdivision and not gatlinburg that is getting tons of activity since we put it up for sale and it isn't complete.
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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.
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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.
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26 November 2024 | 11 replies
If you have limited funds, how are you going to flip the worst properties out there that cost the most and are the hardest to flip.I know social media makes it looks like no-money and low-money down investing is feasible, but probably 95 percent of the deals that are done like that are done by people with money because it's the leverage money gives them to make a deal like that to the benefit of the seller.Don't rush to get a third property that needs work on your ledger when your funds are already limited.
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25 November 2024 | 10 replies
Please reach out for details or follow us on social media, we post the events there as well as meetup .
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25 November 2024 | 21 replies
As I'm new to Section 8, just trying to understand how it actually works, versus what we see on social media :) Lesson #1 - Nothing the government does makes sense and none of the employees have any idea what they are doing.
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26 November 2024 | 86 replies
They are actively participating and easy to reach.