Originally posted by @Basit Siddiqi:@Daniel Guest'passive activity' and 'trade or business' aren't mutually exclusive when discussing both items.You can have both a trade or business that is either active or passive.If you have a trade or business and your income is positive, you might be eligible for 199A qualified business income deduction.However, most rentals don't operate at positive taxable income because of depreciations.I finally wrapped my head around this the other day and hadn't had a chance to reply on here yet.  

And here I thought you just go in with a set of numbers and hit the seller over the head with it!  

Was advised by attorneys that they normally sue the LLC and owners by default anyway, the owner for negligence, not for instances of co- mingling funds etc. 

For instance, say me and my business partner wish to utilize a Joint VA loan to acquire an 8 unit.

So while you shouldn’t invest for appreciation, there are some instances where it can pay off big time if you’re strategic.

There are instances where it makes sense to use hard money then refi out.

Hi friends!     I’m just reaching out to see if what I’m attempting is even doable. Im 28 years old I’m a registered nurse who recently married a small business owner! (Very impacted by COVID on the brink of going und...

For instance, I have had bids for $10/psf for tile.  

I'm actually headed up to Wiarton next week for some Real Estate meetings. 

Thank you for the heads up Lindsey!