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26 November 2024 | 4 replies
Problem is only "RE pros" get to do it.There are 3 income classifications in the US - Active, Portfolio, and PassiveActive income is income derived from your job, or normal trade or business.Portfolio income is derived from bank instruments - stocks, bonds, etc.Passive income is income earned from investments.Active losses can wipe out both passive and portfolio income, but it doesn't work the other way around.Portfolio (capital) losses are limited to $3,000 annually.Passive losses can only be offset by passive gains.Real estate rental income by its nature is deemed passive per IRC Sec 469One way to get around it is to become a pro - spend more than 750 hours or 1/2 your time in real estate.But most folks aren't real estate pros.
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26 November 2024 | 3 replies
I was on a Senate Steering committee way back in 85 on how to deal with all the platted antiquated lots in CA. there are millions lots created before the modern rules and these lots exist today but many are not buildable and are traded back and forth from tax sale buyers to retail buyers who dont realize their 5k lot in CA is non buildable.So there was a big conference in FT.
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27 November 2024 | 10 replies
I'm a carpenter / contractor by trade, and I've done a few major whole-house renovations of personal homes over the last decade or so.
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1 December 2024 | 93 replies
Would love to trade with others to compare notes and brainstorm.Cheers!
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27 November 2024 | 10 replies
I am passionate about day trading but real estate has been a field that I've been wanting to dive into.
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26 November 2024 | 22 replies
Homeland covers: Stopping financial fraud, illegal trade and the sale of fake goods to protect the U.S. economy, American businesses and your money."
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25 November 2024 | 7 replies
Odds are most good agents will know what stuff actually trades for but I’m not sure how to verify it.
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25 November 2024 | 7 replies
Lender will make sure you dont open any new trade lines or have increases on your balances.
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25 November 2024 | 4 replies
For some investors, the trade-off is well worth it.
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23 November 2024 | 3 replies
It was very difficult for us to find a bank to refinance the deal and also difficult for us to procure a buyer for the condos we didn't want.The cap rates typically traded higher than a simple ownership interest.