Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

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.

Loading replies...