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.

Credit score- the higher the best. 760-780+ generally gets best pricing for investment property loans with most lenders.

I just landed an internship in a zoning office and I have been doing it all to raise funds to put towards my first investment property.

Is investing in your home market possible to house hack? 

I split my time between LA and Phoenix and looking to invest primarily in PHX and surrounding area.Excited to connect!

Hi Kenneth, Just wanted to note here that it is possible to have multiple entities within one QBO subscription as long as they have similar business purpose (real estate investing).

$49 is a good price....much more than that for a national course in my opinion is a waste of money. 

They create the team and a plan, acquire, due diligence, take care of loan products (If needed), oversee construction/renovation, hire property manager (or run in house management,) take care of accounting/taxes/K1s, deal with closing or refinancing.An LP (limited partner) just puts in the funds (after hopefully vetting the GP and team) and keeps fingers crossed while earning mailbox money. 

Hi Jason, thanks for pointing out that important detail that I missed in my post.I’m referring mainly to rental investment properties, whether it be single or multi-family or condo. 

A few things i've considered doing next is finding a quadplex, investing in an RV park, investing in medical offices.What should I do next?