Or, if you had 10k passive loss year 1, and 7k passive gain year 2, you could deduct 3k loss from earned income year 1, and year 2 would be a wash.There are other ways to create unlimited passive losses against ordinary income, however you need to be a real estate professional (as described and recognized by the IRS) which means you have to meet two requirements: 1. you spend 750 hours per year minimum on your real estate business, and 2.

check out companies that gather these leads and sell them to real estate professionals like you.

On his lease it says that if he doesnt have it professionally cleaned that will be taken out of the deposit.

Are there any experienced/reputable professionals (lawyers/realtors/brokers, etc) on this forum that live in Nicaragua?

Very professional. 816 228 9667

Many times it is about the professionalism.

It is worth the expense to get professional help.As for the lending issue, the market is getting tighter and tighter each week.

I got my degree in History, took a year or so off and worked some pointless jobs, went back to graduate school for a semester and a half to get my teaching certificate, and dropped out to pursue a career as a professional poker player.

I wonder what your attitudes would be if your experience was actually with the professional investors teaching their information, and was not just with the individuals who are trying to market it?

If you buy at the right price and manage your business in a professional manner, you should have positive cash flow from day one and every additional property should add to that cash flow.Mike