I eventually did a refi on it to be able the purchase another property.

I'm particularly passionate about eventually having multi family properties Outside of real estate, I enjoy traveling to new places, new restaurants, and hanging with my Doodle. :) Excited to learn and connect with you all!

House hacking could be a smart way to achieve both eventually!

Real estate is a fantastic way to build wealth and eventually gain more freedom, especially with the expertise of your contractor husband.

Purchase price: $8,000 Cash invested: $2,000 I purchased 2.5 acres of Raw Land in Joshua Tree, less than ten minute drive from the park and downtown area in 2018.Purchased via seller financing.2k down with monthly installments to pay out rest.Current similar lots are selling for around $65kI plan to hold long term Would eventually love to develop something on the land-either an art park or residence.

Eventually called up my bank to stop this fraudster named Kai and ask for refund, but the bank can only credit the most recent charge per their policy.

Eventually I obtained insurance on all the aplliances in case a repair is needed.

So it should still be reported on your tax return, but limited by the passive activity loss limitations referred to above.Any rental property expenses and depreciation might not be deductible in the first year, but they carry forward to future years to offset future passive income (including the eventual sale/gain of that property).

If I had held I would have eventually made around a quarter million instead of losing 100k+.

Thanks in advance ;)  pay the tax. eventually will have to pay it anyways - rather pay tax now vs. buying a bad deal