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5 January 2025 | 4 replies
You absolutlely need to be direct to seller or have close, personal relationships with wholesalers and active agents.
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1 January 2025 | 27 replies
Best Buy also seems like a strong bet, but they only sell single-game machines.
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20 December 2024 | 0 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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9 January 2025 | 16 replies
Gita,At least the way I prefer to do things is to only run accrual based accounting activity on my day to day operations.
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12 January 2025 | 23 replies
It is not a set it and forget it thing though, you'll still need to be active and review monthly statements and manage things to make sure everything is running smoothly.
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2 January 2025 | 1 reply
Day traders are not exempt unless they elect mark-to-market (MTM) accounting, which eliminates wash sale tracking but taxes gains as ordinary income.To manage taxes, track trades closely, avoid overlapping purchases, or consider MTM election if trading actively.
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1 January 2025 | 11 replies
Looks like biting the bullet and getting an engineer may be my best bet.
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3 January 2025 | 7 replies
If your goal is cash flow, then your best bet may be to live in it for 2 years, and then take that tax free gain (250k single person, 500k married) and buy elsewhere.
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8 January 2025 | 14 replies
Your best bet would be to find a portfolio lender whose niche aligns with your investment strategy.
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5 January 2025 | 13 replies
Bacon is more yummy than a Christmas tree, but I bet I'm going to have a whole lot less regulation growing Christmas trees... however, before we even get to that, it's necessary to know that the inquiry is even about bacon v Christmas trees, rather than Bacon v grapes.