We need to earn money not keep spending it.  

However, navigating the existing mortgage and structuring a deal that aligns with your rental income might require some creative solutions.

@Katie TreacyNot a cpa but I believe it will do the opposite as you should be claiming it as income and paying taxes on it.

As a side note I make around $13-25k a month in passive income.

I'm just starting my real estate journey myself here in the Upstate and am learning that local connections, regardless of how knowledgeable the online ones are, still seem to work best for me.For instance, out of state accountants may excel at income tax matters, but then you may miss those nuances of how property taxes hit investors harder than homeowners in S.

All investors should consider private money lending as an additional income stream if due diligence is done correctly and the project is a good fit.

Here is my ambassador link if you would like someone to walk you through it: Sign up to host on Airbnb and use the extra income to fund your passions.

NAR should have a driver referral link for Uber driver signup, so at least we can earn some commissions.

GAAP accounting, reporting to the Federal Government every month, and a business mind says: take the loss this quarter while we have income to offset.Account Closed foreclosure where borrower doesn't file BK or lie and change the title or other postponement ....s costs about $55000 today as digital processes and video hearings save time and money.There are better tools today.

Bottom line… I’d be willing to come in a few thousand dollars more on my offer if it means there’s future potential to earn that much extra in rent each month, and I’m not sure what to do.