Aaron Murphy
Using depreciation to offset active vs passive income
I am in the process of setting up a house I have recently purchased to be a rental property. My understanding is that I be able to use depreciation of the asset to offset income from the asset so that the property sho...
Lafontant Cherilus
November Realty Trac Foreclosure Activity - Atlantic City NJ
Just saw the Realty Trac November Foreclosure report. Given the job losses / casino closings in Atlantic City - Foreclosure activity jumped y/y in November. Would you invest there (given shortage of jobs?) https://w...
Robert Hastings
Philly Landlord..renters license, BIRT, commercial activity, LLC?
my name is on the deed to 5 homes in philadelphia. by september 1, all 5 homes will be rented. home 1, purchased in 2013, in my name onlyhome 2, purchased in 2014, with brother, deed in both of our names, we split e...
Dana Whicker
Bank Reporting Old FC’ed Mortgage As Active Delinquent!
Lesson Learned! Always check your credit regularly from ALL of the BIG 3 reporting agencies.Cliff notes are at the end of this post.Right at the peak of the housing bubble in 2006 my wife, a single public school teach...
Jeff Schaefer
New No Active Experience Member in Atlanta, GA
I've wanted to invest in real estate rentals for years, though no real means to make it happen.Now's the time... I believe rentals would be a good start, I'm not close minded where I wouldn't entertain other real esta...
Mark Torrefiel
Active Duty Military REI | New to REI World
Hi everyone! I'm new to the REI world, currently living in Elizabeth City, NC while working in Norfolk, VA as an active duty Sailor in the USN. In two months, I will be changing duty stations to San Diego, CA. I've do...
Cynthia Elder
Great news for active and retired military vets!
Trump Signs Bill Eliminating the Cap on VA MortgagesJune 26, 2019George BrooksThe Department of Veterans Affairs will now guarantee no-downpayment loans above the Fannie Mae/Freddie Mac conforming loan limit under the...
Michael Harris
Long distance self managed STR active income (loss)
I have seen some conflicting info on self managing a STR if it is possible to claim as active income when managing from long distance. I know that in order for this to be possible you must prove that you spend more ti...
Rasi Wickramasinghe
Newbie RE active investor - LLC vs S-Corp
Thank you for your assistance. My wife and I are going into active real estate and she has a real estate license, so we plan to elect REP status for her. I am a high networth professional who makes only W-2 income so ...
Jeff Murray
Member introduction as an active real estate investor
Hi Everyone, Im not really a new member but new to it as an active real estate investor. I have been a property manager for 12 years in Atlantic Canada and now venturing into the investment world with JV partners usin...