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Updated over 1 year ago on . Most recent reply
Real estate professional status
Does the time spent in re-development of a building (planning, financing, supervising, and construction) and renting the building to a business count for material participation hours to gain real estate professional status? This is not a multifamily or self storage building. Already have hours from managing a rental and buying/selling a few SFRs as a realtor but likely not enough to make the cut. Also, have no other job or work hours besides being a realtor. Thanks in advance for your replies.
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Originally posted by @Bilal A.:
Does the time spent in re-development of a building (planning, financing, supervising, and construction) and renting the building to a business count for material participation hours to gain real estate professional status? This is not a multifamily or self storage building. Already have hours from managing a rental and buying/selling a few SFRs as a realtor but likely not enough to make the cut. Also, have no other job or work hours besides being a realtor. Thanks in advance for your replies.
Yes it does.
- Ashish Acharya
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