My CPA advised that since I will be managing the rental myself, rental income qualifies as Active (=earned) income (vs. Passive).
Does that sound right?

Fellow BP'ers,Thank you for taking the time to read my intro!  I'll do my best to keep it concise and interesting :)About me: - Interest in real estate started while in college (Rich Dad Poor Dad)- Worked in sales and...

I have been offered $1,600,000.00

How’s it going BP members?! I’m in need of some book suggestions on RE investing and strategies besides what’s available here on BP which are fantastic. Most of the stuff I’ve been picking up lately is more on the mo...

Truth be told, I probably won't update this deal diary beyond this post.  I'm blogging about it, which can be found here:  https://www.biggerpockets.com/blogs/7199-my-first-...I just purchased my first property and pl...

I am a corporate attorney in NYC looking to get started in real estate. I have been working in corporate law for just over three years now, and am getting sick of 60-80 hour workweeks where i am ALWAYS at the whim of ...

Hi,

I'm a contractor who's worked with a few property management companies that needed to get newly acquired rental properties rent ready. I've also worked as a subcontractor in a few cosmetic flips. I'm hopi...

Hi Everyone, Before I introduce myself: a big thanks to BiggerPockets and the podcast, it has been a great source of real helpful information as well as entertainment, it has turned up the voltage on my dimmed real es...

Hello everyone!About me:I'm Kyle, 20 years old, and maybe the most driven and dedicated person you've ever met. I was working my way through college on a full scholarship when I felt a crippling need for a change, a n...

to do the right time, to get from where you are to where you want to be