So, you can activate a channel remotely from your phone, tablet computer, etc (Yes, this would involve a guest sending you a msg, if it’s a channel that doesn’t do #3)3.

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

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.

Readers should seek professional advice.

I feel like it would be great to trust a property management company on all of this, but it would be hard not to step in if you could do a better job at screening bad tenants (eg screening HUGE future problems).I initially managed properties myself, but now I delegate that responsibility to my business partner, personal assistant, or a property manager at my brokerage.Most PMs I know will send you an applicant for final approval and you can get on the phone with them and ask them questions

@JerryllYes I completely understand have been a professional data scientist since 2018 before i swapped it out for real estate development 2 years ago.

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.

I created a Meeting for each prospect and enter their name, phone & email.

Quote from @Emmanuel Rugamba: Hi everyone I am 26 year old professional athlete looking to buy his first home but also house hack in the process.

What is said on the phone or in their marketing matters not.