Even without Real Estate Professional Status (REPS), there are still meaningful tax advantages available to you both now and over the long term.Here’s how to think about tax planning as high W-2 earners new to real estate:Short-Term Tax Strategy Options:Leverage Retirement Contributions:Max out 401(k), HSA, and backdoor Roth IRA contributions.

Really admire the mission driven use of your property, providing housing for veterans and seniors is meaningful work.

The giga factory in Sparks, NV  is already pushing up pricing and stock isn’t too abundant.

Sparks, Reno, Spanish Springs etc, as there is with any metro area.Thanks Brad!

The idea that someone from this segment of the working class can meaningfully buy into Apple or Tesla and have some meaningful ownership of these companies is not realistic in todays world. 

I have one renter in the house with me and hope to spark my portfolio off of this house. 

We have not seen a meaningful increase in prices, consumer confidence or job numbers.Let’s remember that the economy has remained strong despite all the craziness in the world.

If rates drop we're anticipating reducing the amortization to 15-20 years and intend to pay off the mortgage completely (early) and by 'retirement' age..free and clear - that's when the income will actually have a meaningful impact anyhow or we re-leverage to redevelop or sell to upgrade and/or re-invest.The Wealth Engine Nobody SeesWhen you run a short-term rental with a standard 30-year mortgage, every booking chips away at your loan principal.

As Chris Berk, VP of Mortgage Insights at Veterans United, explains:“Multigenerational homes are more than a trend: They are a meaningful solution for families looking to care for one another while making the most of their homebuying power.”And momentum may be growing.

Give me a shout if it's meaningful to connect.