Investor=passive income, Entrepreneur=active income.My thought, not googled.

While my fiancé has flipped several homes in the past, I have a marketing background and with Austin's current real estate market as it is .. we decided to from Rockabilly Investments in March 2013.Our favorite strategy is "Flip That House" but we have wholesaled, provided realtor listing referrals, sold leads, and partnered with a few investors in the local area to get the job done.Look forward to learning from the Bigger Pockets community,Elizabeth

I realize this is an old thread and I hope some of you are still active on BP.

If you do that you may end up spending more of your time doing lawyer activities and less doing real estate investing which could be counter productive depending on your goals...

I am very active now in Milwaukee but plan to begin buying in Pasadena as soon as I am ready.

This means that all the LLC activity is reported by the owner and the LLC files no separate federal tax return.

There are other threads on entity choice, so substitute your favorite entity type.Jon

I am actively seeking out partners to help me begin what I already know will be an amazing ride in the real estate investment world.

Depending on the recent activity on your reports, that deduction will be between 5 and 8 points out of your score.

Are you active in commercial or residential real estate?