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Updated over 3 years ago on .

Andy Wu's profile image
Andy Wu's profile image
Andy Wu
  • Rental Property Investor
  • from Columbus, OH
  • Member since Dec 13, 2015

User Stats

64
Posts
7
Votes
Andy Wu's profile image
Andy Wu's profile image
Andy Wu
  • Rental Property Investor
  • from Columbus, OH
  • Member since Dec 13, 2015
Andy Wu
  • Rental Property Investor
  • Columbus, OH
7
Votes |
64
Posts
Real Estate Agent

Real Estate Professional Qualification

Andy Wu
  • Rental Property Investor
  • Columbus, OH
Posted

I have 40+ rental properties and I managed them all myself.  In addition, I am a real estate agent and buying several properties each year for myself and have a W2 job. 

Will I qualify Real Estate Professional?

I do materially participate and work 2000+ hours in real estate. However I didn't have a detailed log for the hours. 

I spent a lots of time in

1. finding the deals, 2. applying the loans, 3 managing the remodeling (5 remodeling each year), 4 managing the rental properties, 5. rental property tax preparation.

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