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25 September 2024 | 6 replies
@Terris Elliott It is very easy to file the articles of organization and obtain an EIN.
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27 September 2024 | 8 replies
You would not be able to exclude it from your DTI until you filed with it on taxes (assuming you did so and did not report a loss).
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26 September 2024 | 9 replies
It provides housing when we have limited supply, it's a good way to find tenants and make friends, and it produces a great ROI (if managed correctly) because the rental income is generally higher.
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27 September 2024 | 13 replies
For me, I had to file in both FL and CT and pay annually in both FL and CT.
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27 September 2024 | 13 replies
Real Estate is get rich slowly, $150k to invest is an amazing place to be and a great achievement, but it's also not going to produce a life changing amount of cash flow every year.
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25 September 2024 | 3 replies
I am trying to see if anyone can attest to their service when filing a claim.
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25 September 2024 | 10 replies
My client is going to file charges against metro flippers in all regions they operate they are fraudulent and never close any loans they send out fake settlement statements and imposter a company that lends their numbers are spam numbers
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25 September 2024 | 2 replies
It contains hundreds of files such as ebooks, checklists and spreadsheets for real estate investors: https://www.biggerpockets.com/filesGood luck.
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25 September 2024 | 17 replies
You are thinking real estate investing is an income producer, but when you have limited money to invest that means your potential profits are limited as well.
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24 September 2024 | 2 replies
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.