Alyssa Yumi Nelson
Any active meets ups/REIA meetings?
Hello, I am having trouble finding active REIA groups or meetups that are actively meeting. Many of the meetup groups haven't had any recent events, or are primarily online webinar without a networking component. Does...
Sydney Rae
Separating Active Duty - Proof of Income
Greetings,I am separating from Active Duty w/in 6 months. I am trying to buy a home & I have been pre-approved but the lender says that I will not be approved unless I show that I am either going to re-enlist or h...
James Carter
Use of accumulated passive activity loss
Hello,Is it possible to apply accumulated passive activity loss from prior years' (Real Estate) to a current year if the income from that years real estate activity is less than the income generated by the Real Estate...
Louis Radosevich
Property active until inspection approval complete?
I'm reviewing an offer letter drafted up by a listing agent that states "property will stay as an active property until personal inspection and approval is complete." Is this standard practice, or should I request thi...
Cleo Bucceri
Drug and/or illegal activity clause?
Does anyone have a specific drug and/or illegal activity clause in there lease agreement? Including drug use, selling, making/growing? Any verbage would be much appreciated.... just want to make sure are butts are cov...
Nick Wiget
MAGI and Active Real Estate Losses
I'm trying to understand whether Active real estate losses (Real Estate Professional) lowers MAGI. My understanding is these active losses will lower Adjusted Gross Income (line 11 of a 1040) but there's some confusin...
Jeff Belokin
Passive to Active Rental Income question
How can I turn schedule E rental income into schedule C rental income? My aim is to open a Solo(k) and fund it with income from rental properties we self-manage. Passive income can't be contributed into Solo(k)'s bes...
Brian Zebrick
Purchasing land to offset active income
Land cannot be depreciated, but if you are purchasing raw land in order to build a commercial unit, can that be categorized as a business "expense" to minimize profits and tax liabilities?If I have a current business,...
Troy Burgett
Active vs. Passive Income for Rentals
In the realm of real estate investing, the IRS sets guidelines to differentiate between active and passive participation for tax purposes. Understanding these rules is crucial as they impact how investors can deduct l...
Kelly McClellan
Transition from active to passive investment
Good morning BP members. I am actively seeking to make connections with those who have successfully transitioned from active ownership to more passive real estate investing. I have been on an information bender as I ...