Real Estate Professional Status (REPS)-Jobs That Count Towards
Hello guys,
Considering making moves to achieve REPS.
I have read the rules quoted from the IRS sites that come up on almost every internet post I have found relating to this subject.
Having trouble figuring out how REPS could be achieved given my specific circumstances.
I have a construction management background.
Question#1:
Does anybody have any have any suggestions of W-2/salary type jobs I could take and have those hours count towards eligibility?
Notes:
I would rather not become a realtor.
Looking for something that I could do where my construction management background could provide value and command a decent/good salary.
Perhaps in the construction division of a property management company or something like that.
Question#2:
Once I find something that would work to achieve the status, can it be a W-2 job for somebody else?
Notes:
The work would not be in my own business. I would be an employee working on stuff that counts towards the desired status.
Separate note: I have one rental property that I self-manage every aspect of and plan to add more over time.
Most Popular Reply
The problem is that any W2 job working for someone else cuts down on being able to make the minimum hours required for your business.