Is your goal to use being an agent for your own personal investments or actively try and grow your agent business to eventually leave your W2?

What's the process of getting retro-active permits on work like this?

This community and forum have been an absolute treasure trove of information and Id love to actively contribute along the way.cheers! 

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.

Quote from @Gladys Cepeda: Quote from @Peter Smith: @Caleb Rehg I have been active in student housing for 20 years.

From the public website,The BetterLife Tribe program offers everything you need to achieve real estate success:Monthly Calls with Brandon Turner and top real estate experts, providing you with insider knowledge and strategies.1-on-1 Personalized Coaching to tailor a growth plan specific to your goals and challenges.Access to the reiOS System of Success, the exact operating system Brandon used to scale Open Door Capital to over $1B in assets.World-Class Real Estate Education and Tools that equip you with the skills to dominate any market.A Thriving Network of 1,000+ Active Investors ready to support, inspire, and challenge you on your journey.Seems like a great program like many do in the marketing materials

I have a template that I provide and they can either complete the template or just give me their documents and I'll complete the template before prepping the taxes.Self Managed, High Volume, Very Organized - these folks keep up on their activity. 

And, there is an active lawsuit against them from 8 previous members. http://www.skapiklaw.com/uncategorized/new-wealth-... .

This TDR is a new program that has been in development for 30 years and should ignite into an active free market for credits this coming July 15.

Seems to me cohesive set of laws and rules regarding this activity would benefit  both the public and those that want to engage in the activity.