This offsets your mortgage and builds equity while you gain experience with lower risk.Real Estate Investment Trusts (REITs): REITs let you invest in real estate without directly managing property.

If you want this to be your business, having access to the most capital at the cheapest rate is a necessity.

In their mind, they just need some local knowledge and access to off-market properties.

While these losses won’t immediately offset W2 income without REPS, they can be carried forward to offset future rental income or capital gains when you sell the property, lowering your tax burden long-term.This post does not create a CPA-Client relationship.

I agree with Afra at that price point it's best to start with flips that have $15K - $30K rehab budget to gain some experience and get a good team in place and then work your way up to larger rehabs with higher ARVs!

I have suspended Passive Activity loss that would reduce the gain, but not eliminate the gain from tax POV.

The account fees are minimal compared to the potential gain with most syndication offerings. 

This book is full of resources and education and if you order before 12/1 you get the best value because it includes ✅ Access to a live Q&A with James and gets his “The Flipping Workbook”✅ Sample Statement of Work✅Buy Box Worksheet✅James's Flipping Calculator✅Core Team Members Worksheet✅Tool Kit✅Glossary of Terms✅One person wins a giveaway: Free Pro Membership, All of Project RE content, Education, and Weekly calls with James & his communityOrder it paperback, hardback, audio, or ebook.

NMLS Consumer Access is a fully searchable website that allows the public to view information concerning state-licensed companies, branches, and individuals licensed and registered through NMLS.

Often, those companies have access to like-kind inventory as well that can assist when you get to the identification phase.