They continue to roll over until they can be fully utilized, either by offsetting future rental income or when certain events occur (e.g., your income drops below the threshold or you sell the property).If you sell the property, the accumulated passive losses are released.

For tenants to continue paying comparable rent, new companies must move into the city and create replacement jobs with similar wages and skill requirements.

This is truly a fantastic place to connect, learn, and continue growing your real estate knowledge and network.Keep up the momentum, and feel free to reach out if you ever want to share more about your journey or need advice.

It took me a couple of years to finally take action and start my real estate investing journey, but I continue to use BP as my #1 go-to resource.

Criminals and homeless will typically move on to an easier target.It is better to spend $1,000 - $2,000 to properly secure the property than to continually deal with these problems and expenses.

Situated in Houston's vibrant inner loop, it ranks among the city's most coveted and rapidly expanding neighborhoods.Job Growth: Houston is expected to add approximately 57,600 jobs in 2024, continuing its trend of robust employment growth.

@Teahjsia FrazierTo build a portfolio and replace monthly income, consider strategies like leveraging your current home with a Home Equity Line of Credit (HELOC), using FHA loans for low down payment, renting out your current home, using creative financing options like seller financing, private money lenders, or partnerships, building cash flow with smaller deals first, using the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat), minimizing expenses and maximizing savings, and continuously educating yourself through books, podcasts, and networking groups.

However, carefully consider the advantages and disadvantages of continuing your real estate investment career.

One key advantage is the VA loan, which allows you to buy a home with no down payment and competitive interest rates, making it easier to purchase property.As you continue to invest, you can use rental income to help cover mortgage payments or expand your portfolio over time.

Have your heirs repeatMany wealthy families do this over and over again and pay little to no taxes as their RE portfolio continues to grow.