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Updated almost 3 years ago on . Most recent reply
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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
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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.