Quote from @Dan Keefe: Hello everyone,I’m a traveling physical therapist but grew up in Maine and am looking to purchase multi families in Biddeford using an FHA and subsequently to house hack in.My question to the Southern Maine community is in regards to the rent data in Biddeford and Saco.

Yes, its mainly ordinary income from interest payments.

The main problem in the United States is that most of us are NOT taught about money.  

Look for mixed-use properties with a Main Street vibe or location.

I don't plan on selling; I'm mainly just curious how people make $ in these markets when rental rates are on the decline since COVID.

I assume that the main advantage is being able to buy the property without the 180 day time constraint? 

I definitely plan to make that my main focus!

The plan for me is to breathe new life into old structures and develop useful supporting infrastructure to enhance the main focus of the repurposed campus.Anybody working in the Milwaukee area that might be interested in partnering or at least connecting with Stormi Jellison (Stormi Maya), please reach out to her.

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.

I think the main factors you should consider in Florida are the following: 1.