However, if you are qualifying for material participation then you have the ability to take those losses and offset your active W-2 income; which is probably what you heard in the podcast.

I recently came across someone on Instagram who was promoting his business/strategies for people to pursue to achieve financial freedom as quickly and best as possible.

Opening a credit card through Lower/Home Depot is a start because if you are doing a rehab and you can group your orders into large enough dollar amounts you can take them to the pro-desk and get them to quote you pricing which might save you 10-20% off retail just like a contractor ordering materials.

It’s TransitoryIn 2025, the apartment supply bubble will pop, fall off a cliff, come back to earth, whatever the metaphor you prefer to use… Permits for development, the last 3 years of inflated material / labor prices and much much higher interest rates has made the environment for apartment construction highly challenging.

What are you trying to accomplish (buy/sell/promote??) 

And just because of that Id be highly wary of anything he promotes......

But if the effort that went into promoting it for inclusion in the 2024 legislative session was not successful, it makes you wonder about the issue's traction in the future.

I don't want to get in trouble for self-promoting it on here, so just click around on the website, it's pretty obvious.

(And, beware of promoters that are selling captive insurance as a tax-shelter; not saying that they none of them provide the purported tax benefits - just that you need a captive insurance tax expert help you make informed choices.)

They will promote it because it is what is available to them.