Material participation with REPS is key for unlocking passive loss deductions and ensuring you get the full tax benefit of your real estate investments.

So many real estate books are just investors talking about how great they are.

Just sayin’And Real Estate Professional, why not just REP.

that's for a few reasons - one is that it just costs money to transact in the form of closing costs, which can be substantial; two is that the first few years of ownership are typically a stabilization period, in which the owner is putting money into the property; and a third is that interest rates remain high, making cash flow more challenging anywhere.calculations that show you "cash flow" in the first month or year or even first few years just ignore all of this and pretend that any proceeds over the mortgage are cash flow, when they aren't.i say this not to discourage you but because we see so many posts in the forums from folks in HCOL areas like CA whose expectations are not properly set. 

Operators are feeling it.𝐖𝐡𝐚𝐭 𝐓𝐡𝐢𝐬 𝐌𝐞𝐚𝐧𝐬 𝐟𝐨𝐫 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬Vacancies in the 4–5% range equal real revenue loss, especially with elevated operating costs.

Well that certainly is a twist.Have you met Ziv or attended his Japanese Real Estate conference?

New member here from Tucson 👋BiggerPockets is actually what first got me into real estate investing, so I’m really excited to finally join the community instead of just lurking.I’m thinking about starting a local investor club in Tucson and wanted to pick the brains of the folks here:What originally brought you to BiggerPockets?

Just like SBF/FTX scared tons of folks, it still came back.

Hi Danielle,There is definitely a lot you can do in Real Estate.

Love that you are looking into real estate investing at such a young age.