Melanie Baldridge
“active income” and “passive income"
20 December 2024 | 0 replies
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.
Aeon Jones
Joining the Vodyssey Mastermind group for REI in STRs
8 January 2025 | 7 replies
They claim to charge in the "high 4 figures" - one web source says it's $4800 - to join their group and get access to their network and resources.
Raghavendra Jakkani
Income verification for a tenant
23 December 2024 | 9 replies
Quote from @Raghavendra Jakkani: The tenant should provide proof of income that doesn't require detective work.
Staci Green
Adding a Billboard to your property for passive income
8 January 2025 | 0 replies
Anyone have any experience with placing a flat billboard on the side of a building in Philadelphia? If so, can you send me DM. Thank you
Jason Baker
Wholesaling Market in Miami
12 January 2025 | 8 replies
It’s that simple.If you want success, you need a strong web presence—a place where the right audience can find you when they need your services.Think about it.
Diana Teng
Should I Buy My First Rental Property Out-of-State If I'm Unable to Scout the Area?
21 January 2025 | 22 replies
Well it is doing loans for folks who bought sight unseen and trusted contractors/turnkey providers who sell the dream but in the end do the absolute min in rehab work (even though charge for a much better job) and/or sell a buyer on a class B type neighborhood that is reality a class D neighborhood in an already low income town.
Ji Yang
Has anyone done business with Four Peaks Capital?
19 January 2025 | 56 replies
I'm in the Wavemark income fund and am getting paid my distributions
Bob Asad
Does this forum have a section to find developers?
31 December 2024 | 6 replies
It will likely be a web of contractors, engineers, and architects, but some those are ultimately leading to the developer.
Ernest Ho
Emotional Support Animal / Service Animal
19 January 2025 | 18 replies
A quick web search shows it can cost upwards of $25,000.I'd say that if the flea-bag isn't a service dog now, it probably never will be.