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.

I own two properties.

I already owned a couple of properties in the same street.

Thank you for your insights!

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Don't you have investor friends who want to buy your overage?

I’m wondering if anyone has had any experience with either owning or building multiple ADU’s/cabins on a single property in the state of Vermont.

We added value by re-doing the whole house, installed vinyl floorings, rebuilt 2 and a half bathrooms, re-painted the whole house, replaced all the hardware in the house, installed new lighting, ceiling fans, re-painted the kitchen, and completely remodeled the upstairs.

Hi,My wife and I own 2 rentals in Hawaii and we would like to scale our investment by buying rental properties in the San Antonio and Temple area in Texas.

I don't invest in any of those areas, but I can imagine your numbers are correct.