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Updated over 8 years ago,

User Stats

5
Posts
11
Votes
Jeremy Sawatzky
  • Las Vegas, NV
11
Votes |
5
Posts

New Here - Hello!

Jeremy Sawatzky
  • Las Vegas, NV
Posted
Hi there, My name is Jeremy, I am 41 and new to real estate investing. My wife and I are entrepreneurs and at this point one of us could easily free up enough time to become a real estate professional and take on our goal of building a large portfolio - for the purpose of long term investing but also the tax benefits (for now) associated with depreciation. We have very little experience. We currently own our primary residence in Nevada, a vacation property in California and a SFR rental in Seattle. With our limited experience thus far, we are considering out of state properties in the $1-200K range. How long does it take before one could justifiably be considered a pro in the eyes of the tax man? I'm assuming there is a period of time prior to this status, that you just have to start investing... Do you have any advice for me in getting going? Go turnkey or not? I know these are broad noob questions. I'm just really throwing myself out here looking for anything to chew on.

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