All Forum Posts by: Stephanie Deppe
Stephanie Deppe has started 1 posts and replied 1 times.
Post: Is REI worth it (salaried employee who is thinking about REP status for taxes)
- Posts 1
- Votes 2
Prefacing this with stating that I am a newbie to REI.
I’m a physician and earn a decent salary but need to find additional ways to build wealth to fund my kids future college funds, go part time eventually, etc.
My spouse is a stay home dad and interested in managing rental properties so I can get the tax write offs from my W2 income (through his potential REP status). I’ve started researching rental acquisitions and am learning that real estate investing is a slow, seemingly hard and long road to financial freedom.
Is it even worth pursuing this path, or should I focus on other ways to build wealth (eg look into small business acquisition)? I feel more limited in exploring other options given I work full time.
Humbly, thank you for the insight.