I'm an agent with The American Realty...awesome brokerage!! 

I remember well when hedge funds like American Homes for Rent started buying, in 2012, all property in their wheelhouse in Wake county.

@Andrew PostellFYI:  flips are taxed as active, ordinary income, NOT as short term capital gains. 

Won’t start selling for a year so capital gains tax 20% versus if we sell within one year ordinary income of 38%.Could do many 1031 exchanges but would rather pay the tax and move on.  

This is because banks and mortgage lenders are tightening underwriting standards to cover the risk of millions of borrowers seeking forbearance on their home loans.He said that despite ultra-low interest rates and the need by many homeowners to raise cash because of job losses and economic uncertainty, many homeowners are priced out of the market for cash-out refis.I immediately scoured the internet for more information and found an article by "American Banker," dated May 4, 2020.

Hi Julie,Passive loss can be used to offset ordinary income if your income is under threshold. 

Trends and growth indications point to the middle American crossroads city being a solid place to hold real estate that you’re looking to see increase in value over the next few years.

If the net of the rental income and expense is a loss, you can deduct the loss against your other passive income without limitation or ordinary income ( w-2) with limitation.

Now I will say it all depends on what you're looking to get into, the blocks surrounding American Ave. in between Olde Kensington and Norris Square are some of the hottest in the city for new builds, full guts, and addition plays as people are flocking there due to the runoff from Nolibs and Fishtown.

@Jewel B.Scotsmanguide or American association private lenders have listsWarning signs - $ upfront, gmail, yahoo or aol address, get their money from the prince of tomoonda..