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.

Obviously I can't comment on the price you'd get for a 4 unit but I would be happy to refer you to her if you'd like to explore that option. 

Sounds like you have your hands full and they might get even fuller being available 24/7 and not passing on any opportunities! 

What was your experience like? 

However, given the current home prices and mortgage rates in areas like Natick and Framingham, I’m uncertain if rental income will cover costs like PMI or if these areas offer good potential for appreciation and equity growth.Any suggestions on areas that meet the 1% rent rule or have strong appreciation potential would be greatly appreciated!

I recently bought my first Real Estate Investment Property and would love to connect with like-minded people! 

This sounds like a difficult situation and I'm surprised that they enforce this.

Hi Bob,If the LLC is a single-owner LLC, is it still crucial to have an attorney create the operating agreement versus a service like LegalZoom?

This would be my suggestion as well.

I would like to listen to all the different shows but don't have the time each week so wondering if there is a way to get the pod feeds sent to me through RSS or API so I can put it into AI to identify the main themes and where to focus?