25 October 2015 | 16 replies
The IRS defines just two types of passive activity: trade or business activities in which you do not materially participate during the year; andrental activities, even if you materially participate in them, unless you are a real estate professional.It would be highly unusual for a person to meet the first definition: Own an SMLLC engaged in trade or business yet not materially participate in those activities.The second type of passive activity defined by the IRS, however, is often relevant.
21 October 2015 | 4 replies
You're a big boy now, so pay your bills or suffer the consequences.
5 April 2017 | 3 replies
I'm a strength coach/personal trainer by trade, but I really want to get started with real estate investing!
21 October 2015 | 1 reply
Most people start out with more time, and as they become successful begin trading time for money.
28 October 2015 | 10 replies
You may find an agent who would trade access for some administrative help.
30 October 2015 | 26 replies
@Ryan Smith - anyone who's in the investing or "associated trades" businesses are good to ask - Contractors, Printers, even Motor Mechanics who fix the realtors auto's may have had a chat with these guys in the past.Look for the properties for sale in your local "Investor" area's, and take down a few names from the "For Sale" signs.Try also checking the St Louis Realtors, not too far away from you I think?
23 January 2016 | 38 replies
We are presently engaged with a mid-sized multi-unit complex which was running at 50%+ vacancy as a consequence of mismanagement and inadequate re-investment.
8 July 2017 | 24 replies
If you don't mind trading a few messages with me, I'd like to talk to you about your processes.
23 October 2015 | 1 reply
I just join the site and would like to start being a home investor , I an skilled trades and would like to cross the line of being a skilled trades man to being a housing investor.
28 October 2015 | 8 replies
Hi @Morgan HankersonYou definitely have the right frame of mind in seeking a mentor - a seasoned local investor can be invaluable in helping you learn the tricks of the trade here.I definitely struggled to find some great mentors myself, however, and I think that my experience could perhaps be of value to you!