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.

These lenders essentially take the profits that rightfully belong to their clients—a practice that is not only unethical but destructive to the industry as a whole.The reality is there are plenty of good deals in the market.

I think your expectations are out of line with reality in many ways.

Well yes if you are successful.The reality is 87% of those who try to make a career at selling real estate fail out of the business within just a few years.

The reality is that insurance will cover your 16-year-old's accident.

But in reality, they are still standing.

People who think they are going to spend a few hours per week and make a $1000 is not reality.

Does anyone have an historic framework in mind that we can use to navigate todays reality?

In reality, they're just broadcasting that they have no experience. 

Sure, I'd love to win the Mega Millions and have millions of resources to make certain decisions, but the reality is I want peace- in knowing obligations aren't something to worry about.