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Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
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If I'm not mistaken, you can only carry $25k of losses in RE against your regular income. To increase this amount, you need to work in real estate about 750 hours per year (scouting properties, remodeling, any actitivity related to RE duties). Most part-time landlords say the hour threshold is not hard to reach, but it sounds like a lot to me.
The primary drawback to RE investing these days is rampant appreciation. I do not think this is the best time to get in the game.
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