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Updated over 1 year ago, 09/14/2023
REPS qualification questions
Im trying to breakdown some minor details of what exactly qualifies for REPS hours. I've received mixed answers
1) 500 hour material participation-
-- Does travel to and from the property count? We live out of state and have spent many hours travelling for this reason? - I learned in a real estate tax course that these hours do count.
-- Due diligence, negotiating, obtaining finanicing of a property that we end up purchasing?
2) 750 hr: (assuming we have met teh 500 hrs above, what counts for the 250 remaining hours?)
- Once again-- does travel count for this category (if it doesnt count for the 500 hr rule in #1)
- Does real estate education, meet-ups, analysis of potential deals, networking, count -- White coat investor article says NO, however I took a course on taxes/real estate and they clearly say yes, these activites count.
thank you for any insight