Using depreciation, cost segregation, and the right entity setup can make a big difference in how quickly your cash flow adds up.If you’re starting to build your portfolio, focus first on strong cash flow properties, then later look at strategies like short-term rentals or qualifying for real estate professional status to offset more of your W-2 income.You’re definitely on the right path, real estate is one of the best ways to turn active income into long-term, tax-efficient income.Good luck, and happy to connect if you’d like to talk through what that might look like for you.

Hey BP Community,My name is Samuel "Sam" Mack. After a career as a professional athlete, I transitioned into full-time real estate investing with a mission to build a lasting legacy for my family and community.As the ...

Immediately report any pest or rodent activity or suspicion of contaminants.f.

Even after almost 20 years actively investing in RE, being an agent myself, etc. my mix is about 20% RE and 80% dividend stocks.

I have large passive activity losses on my tax return so I would guess that wipe out some of the gain.

Partial note sales let the seller receive capital without giving up the whole note.Investors get secured payments; sellers get liquidity.Anyone here actively using partials?

This will show any past complaints, and if the license is active and in good standing.

I currently own one single-family rental and I’m actively looking to grow my portfolio with more long-term single-family rentals in the region.

On finding help, I’d  keep an eye out for the CPAs active in Biggerpockets with proven real estate experience, or search for phrases like “short-term rental CPA,” “Airbnb tax CPA,” or “real estate investor CPA”and then filter by folks who talk specifically about STR material participation and cost seg in their content. 

While local deals are a top priority, I'm also open to opportunities in Jacksonville, Florida, given the promise of strong returns and growth potential.I'm actively building my skills and knowledge in fix-and-flip investments, value-add projects, and creative financing strategies.