I know i can claim my short term rental income as active income as long as 1. avg rental is < 7 days 2. spent more than 100 hours managing it.
If I have other long / mid-term rentals, does the active business stat...

My family owns a single family home and has recently considered renting it on AirBnb. This is a unique property as it is on a lake and has a private dock. It is also a double-wide mobile home so I feel like a cost seg...

When should you start tax planning on a building? A lot of people think the tax planning starts once the building is completed. However, you can actually save millions of dollars in taxes by starting during the bluepr...

Hi everyone, my name is Timothy Floyd. I’m 22 years old and currently living in the Memphis, TN/Southaven, MS area. Right now, I’m focused on learning as much as I can and taking steps towards getting my first rental ...

I recently passed my NJ exam and vetting a short list of brokers I had in mind to hang my license with. My goal with the license was to open up more opportunity for myself from an investment standpoint and also contro...

Hello everyone!I am a new member to to BiggerPockets community in Jacksonville, NC. Though only here temporarily, I am trying my hand out at real estate investing. I spend most of my time as an Active Duty Pilot, but ...

Hi!I'm AJ and from Pittsburgh, PA.  The group I belong to is looking for 1 or 2 more people to join our zoom meetings.  We are meeting every two weeks on Tuesday at 9pm eastern.  Our next meeting is October 15th at 9p...

Hi my name is Anthony Polanco and I am currently an active duty Soldier and just moved to the area. I have less than 5 years left till I retire and found an interest in real estate. I am interested in investing in sin...

Did you ever have bad experiences with investors who wanted to play an active role in the deal? How do you avoid it? Any tips on how to structure a successful partnership?  From a beginner looking to purchase a small ...

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?