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24 September 2024 | 2 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.
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23 September 2024 | 2 replies
Additionally, are there micro-markets that may offer less cash flow, but more consistent and dependable tenants, rental payments, etc.?
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25 September 2024 | 1 reply
Supply & DemandUnlike financial markets, real estate prices and rents are driven by supply and demand.
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24 September 2024 | 49 replies
The scammers do indeed do a disservice to people who have real disabilities and qualified service/assistance animals.However, read up on Fair Housing laws and assistance animals.
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20 September 2024 | 8 replies
Question: Should I pursue my real estate license?
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24 September 2024 | 3 replies
Looking to purchase one and struggling with the right calculators to determine the real metrics.
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25 September 2024 | 17 replies
Here's another video worth watching - from Mark Ferguson on the InvestFourMore YouTube channel:Did Clayton Morris and Morris Invest Scam Turn-key Real Estate Investors?
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24 September 2024 | 4 replies
Active = Income earned from Material Participation.Whether that's SMB, W-2, contract income, or prof real estate.This is income where ordinary tax is paid and losses offset other income.
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25 September 2024 | 7 replies
I am keen on establishing connections with fellow professionals such as entrepreneurs, builders, real estate agents, and architects operating in this domain.
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20 September 2024 | 0 replies
Equities, stocks, bonds, real estate, gold, silver and everything else is going to increase in nominal value but not necessarily in real value.