Quote from @Rene Hosman: Hi everyone,I’m Rene, Community Manager here at BiggerPockets — and I’m excited to share a unique opportunity to directly impact what our team builds next for the millions of investors in our community!

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

Without the right safeguards, your hard-earned assets could be vulnerable.

They are built to support agents who work remotely and across different specialties.Structure: They often have a cap system, where you pay a percentage of your commission until you hit a certain cap for the year, after which you earn 100%.

This is rather long, but I feel that providing as much insight into our unique circumstances is important.

As you look for your first investment, consider starting with a property type that aligns with your skill set, like a value-add single-family or small multifamily project in your area.The Lake of the Ozarks has unique opportunities, especially if you focus on demand patterns between seasonal and year-round renters.

You either go:-- Small and unique couples getaway.

Quote from @Kelly Schroeder: New construction offers low-maintenance rentals but comes with unique management challenges — like HOA coordination or warranty follow-ups.For property managers working with new builds, how do you keep the momentum smooth for both owners and tenants?

It’s a really interesting niche with unique dynamics.

It sounds like you have a really unique niche, sourcing international deals in the Dominican Republic.