All Forum Posts by: Martin N.

@Daniel Ng Any luck finding a good, reliable PM? I’m hoping to find one in the StL area that leverages technology (quickbooks or an equivalent) and can work well with an out of town investor.  

@Michael Plaks Thank you! That makes a lot of sense. Approaching this thing with the right mentality is crucial.

Any final words for someone getting ready to jump into "buy and hold"?

@Edmund Fontana Thank you for the post. I'm struggling with the same thing. My spouse and I both have W2 jobs that we enjoy and don't want to leave (putting us over the income threshold) as I understand it.

Does anyone know, does this mean we cannot take advantage of Bonus Depreciation, Cost Segregation and even Section 179?

The final question, is a "buy and hold" strategy (much like Morris Invest teaches) even worth the risks? Can I at least write off any losses associated with RE investing? i.e., travel, accounting fees, interest

I live in the Chicago area and I'm just getting started with a Buy and Hold strategy. My plan was to work closely with a partner located in St. Louis (where I grew up) to begin buying and holding single family homes. I would get down and visit several times per year and manage things like financing, books, taxes etc. from Chicago.

In this scenario, am I considered a Passive Investor? Does this mean that I'd miss out on significant tax savings (depreciation or something else)? I know the St. Louis market much better than Chicago and would like to get started, but don't want to jump in if I'll be missing out on tax benefits. If so, what are my options?