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.

utm_source=GMB&am...it was full of 200k 300k and more k cars   I was a real estate investor so I thought what is  the harm in dreaming?  

Looking for some opinions....I have forwarded this to my attorney as well so I am just looking for opinions from those experienced in private money transactions, I know that I should consult an attorney.I own land tha...

Good morning all, I'm looking to invest in real estate using Section 8 programsRent covered seems to be great but most of the time, I see that people are not renting for 100% of the voucher is there any reason? 

I am keen on establishing connections with fellow professionals such as entrepreneurs, builders, real estate agents, and architects operating in this domain.

This one was a fun one, with no real major issues, just needed a lot of repair and updating.

Rental activity.Passive losses may only offset passive income, not active or portfolio.This is a problem for wage-earning real estate investors.So HOW DO I GET THOSE DEDUCTIONS?

For my situation being away from home so often(I'm a Michigan resident), this would still allow me to participate in real estate but be diversified beyond a syndication.

Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

First post here and I am completely new to real estate investing.I live in Connecticut and I have settled on wanting my first investment to be in Connecticut.