In this video, Kevin Gormley from Leading Edge Financial Planning dives into the concept of "passive" real estate investing, breaking down the realities behind the word "passive" in different scenarios. We'll cover what passive income truly means, particularly in rental real estate.
Kevin examines the distinctions in "passive" effort between three real estate approaches: hands-off investments, real estate with a property management company, and direct management without help from a property management company. He explains the tax implications, including the IRS’s definition of passive income and the impact on your taxes. Kevin also explores opportunity costs and time investment—what you’re really trading when investing in real estate.
This video offers valuable insights for pilots interested in real estate to help you decide if it’s the right fit for your lifestyle.
Gina Roth interview referenced:
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#PassiveIncome #RealEstateInvesting #PilotFinance #RentalProperty #InvestmentStrategies #TaxPlanning #ShortTermRentals #LongTermRentals #FinancialFreedom #WealthBuilding #HandsOffInvesting #RealEstateTips
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Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk and there can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this video will be profitable, equal any corresponding indicated historical performance level(s), or be suitable for your portfolio. Moreover, you should not assume that any information or any corresponding discussions serves as the receipt of, or as a substitute for, personalized investment advice from Leading Edge Financial Planning personnel. The opinions expressed are those of Leading Edge Financial Planning and guests, and are subject to change at any time due to the changes in market or economic conditions.
