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Updated over 1 year ago, 09/14/2023

User Stats

28
Posts
16
Votes
Megan Stone
Pro Member
16
Votes |
28
Posts

REPS qualification questions

Megan Stone
Pro Member
Posted

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

  • Megan Stone
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