My issue is I am a self employed person and not sure if they still have no income verification loans (since the mortgage bubble), like they did when I bought my current home.And I'm not very keen on the idea of buying this upcoming property with a loan when I have the funds available to purchase it outright, why pay the interest on a loan I don't really need.

According to what I read online, Keen State in NH has declining admissions, Plymouth has been stable, and UNH has actually increased.

We have listened to a lot of the latest BP podcasts and are very keen on building passive income through rental properties.

@Lauren Keen I am not sure one way or the other if you can take the deduction since I don't have all the facts, but I can tell you that the real estate professional designation is not a requirement to take the home office deduction with respect to a rental activity.There is nothing in §280A (the home office section in the tax code) that mentions being a real estate professional is required in order to take the home office deduction for your rental activity.However, in addition to the rules regarding the space itself, there is the requirement that the taxpayer's rental activities rise to the level of a trade or business, which the Treasury has conveniently never defined for us.But it seems that rental activities would rise to the level of a trade or business if the activities are substantial, regular, and continuous.However, there is a case, Curphey v.

My lawyer isn't keen on us having any properties outside the protection of our LLC though.

@Brigitte Keene I personally would start looking right now for single family properties, small multi's or even small commercial that you can buy under market and begin your investing journey.

So I got to thinking -  perhaps I should hook up with a realtor that is already keen on REI?

Hello Big-Pocketeers,I am a newbie and a fan, keen to make my way into Real Estate investing.

In addition to his incredible story, you’ll also get keen insight into the world of real estate investing from the eyes of an attorney—without the $250 billable hour!

I do get a little suspicious of Sellers who seem too keen to give attractive seller-financing terms - suggesting that: they win either way!