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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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27 November 2024 | 4 replies
Electric and natural gas service may not be discontinued while you are in possession of your unit.
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21 November 2024 | 4 replies
The beauty of Roth investing is the income tax-free nature of the returns.
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17 December 2024 | 86 replies
Many of them have tons of market experience and investment knowledge because of the nature of their work.
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25 November 2024 | 4 replies
Combining this with tours or small events can add extra income.Lease Mineral or Water Rights: Depending on the area, leasing mineral or water rights can be a potential income stream if there are valuable natural resources under the land.
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20 November 2024 | 6 replies
I lived in Sound End for a bit; beautiful, walkable area with plently to do
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23 November 2024 | 11 replies
I'm particularly passionate about BRRR, Mid term rentals, Money lending.Outside of real estate, I enjoy nature, travel, healthy cooking.Excited to learn and connect with you all!
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26 November 2024 | 13 replies
Anyone would consider a nice finished room with great natural light a bedroom, but in the off chance the tenant doesn’t pay rent then I would be in the wrong for letting he/she live there in the first place.
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26 November 2024 | 9 replies
Being that it's upstairs, that unit will naturally be able to control it and the bottom won't.
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28 November 2024 | 23 replies
Having your calendar sync up between all is where a PMS comes in beautifully and OwnerRez is sou-to-nuts that best one out there.We went from one property to three within two years and the platform handles things wonderfully.The UI/UX utterly blows but the functionality is second to none.