Without your business, you would have paid IRS taxes on your $100k salary. 

It's done well with appreciation over 10 years and is still cash flow positive but my property taxes are a little high relative to home value.I went off neighborhood maps and opinions from agents and other investors (one local and the others were in CA) for the Class C homes.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

I came from doing everything self motivated and always had a battle with all the things i do in life, and continue to try and cultivate positive self-belief.

It’s completely normal to feel a bit of analysis paralysis, especially when you’re in a position to make a move.The choice between a short-term rental (like Airbnb), long-term rentals, or a duplex comes down to your personal preferences and lifestyle.

I want to use a DSCR loan, but I see many DSCR lenders are not willing to take a second position when underwriting these types of loans.

Understanding borrower experienceRewards - being in first position you are in control of property in case of default.

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.

A single-family home in a great school district with long-term tenants is definitely a good position to be in, especially with the property's proximity to a major city in Colorado's Front Range.

Love the positive attitude!