I’m at $1890/month passive income currently from 4 rental properties and want to scale to $10,000/month in the next 3 years. What is the most efficient or fastest route to get me there?
Hello, I am in the process of purchasing my first home. I live in the Phx area, (City of Maricopa). After I close I am looking at purchasing my next investment to start this process of passive income. Im looking for s...
Hi, everyone, I listened to episode 151, and am interested in exploring more on the subject of a lifestyle by making $3000 to cover minimum family expenses. The question is how we get medical insurance coverage? I k...
I know the correct answer to this ... contact a knowledgeable CPA ... and I am looking for one, but in the mean time I wanted to see if anyone any insight into this.Here is what I want to try to do:Set up an S Corp to...
Hey,
I’m new to real estate investing and during my recent vacation at Myrtle Beach, SC I’ve noticed that beach front parking lots were always packed.
Now I did some conservative calculations of one specific parking...
Passive income streams require an upfront investment and a lot of nurturing in the beginning. After some time and hard work, these income streams start to build and are able to maintain themselves, bringing you consis...
Hi,I lent some money to 3 people last year as a private lender. I told my tax accountant that it should be considered as passive income to offset the passive loss from my rental property. But my tax accountant said it...
I have been in talks with a GC in Georgia and his method of building is: He builds everything at costs and doesn't include any markup or fees, he oversees everything, I only supply funding, and we split 50/50 the prof...
I will try to involve the Property Management for my friends, and want to know:
1. the Property management income belong to passive income or active income?
2. if the property management income belong to active income...
If I would get licensed primarily to get access to the mls, and in general gain that knowledge, does that adversely affect my tax status.
I have no intention on quitting my day job, so if I get licensed, buy ...