Question on Full Time Real Estate Investor Designation

[Dan Barli]

Hello BP! I was writing to get clarification on the designation as a full time real estate investor. I have heard and am aware that one has to put in 750 hours in order to achieve that designation.

Does anyone know if there is a threshold number of units an individual has to manage/be involved with in order to meet the designation without tracking hours? For example, if one person owns and manages 20 units, would that suffice? 50? 

Thanks in advance!

[Lance Lvovsky]

There is no minimum number of units to attain the real estate professional status. One must meet the hourly requirements of the real estate professional status, and in addition, be a material participant. This is a very complex area of the law. You should speak to a CPA.