In this PPhREI Network roundup, we hear 3 ways to beat inflation, a letter to my sons about courage, and a teaser about the mythical REPS tax status.
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Carpe Diem MD
In this throwback post, Ian Cook gives us a teaser article about “REPS,” aka real estate professional status. This is the big brother tax play that is the super charged version of what I describe in my post on the short term rental tax loophole. How could anything be better than the short term loophole?
Well REPS allows you to deduct all your real estate paper losses from your (and your spouse’s) ordinary income. It’s something that I’ll discuss more on this blog, but for now:
Read the post on Carpe Diem MD: Real Estate Professional Status (REPS) What is it GOOD for?
The Darwinian Doctor
This past week, I wrote another “Letter to my Sons.” I hope that in about ten years, when my kids are making life decisions about college and careers, they’ll read these and understand a bit more about the decisions I made in my own life that led to their childhood experience.
This letter was about having the courage to veer off the beaten path and make tough career choices for the greater good.
Read the post on the Darwinian Doctor blog: Have the Courage to Change Your Life | Letters to My Sons
The Prudent Plastic Surgeon
Inflation is when the cost of goods and services permanently becomes more costly in relation to the currency. At around 8.5% in March, it’s the worst it’s been in about 40 years. I see the effects in everything from the gas pump to the grocery store.
In this post, Jordan Frey gives us three ways to combat the effect of inflation in your life. It’s no surprise that real estate investment is one of these methods. Check out the other options below!
Read the post on the Prudent Plastic Surgeon blog: Top 3 Ways to Beat Inflation
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