All Forum Posts by: Amber Hooks

No

Hi, this is an old string but wanted to be clear on updates to this point... Rev Proc 2019-38 now appears to cover this topic and residential real estate long-term rentals ARE qualified for the QBID provided the safe harbor is met and such statement is attached to the return... correct?

Further to this, can an individual ("A") combine residential real estate rentals (two properties) held in a two-member partnership (husband "A" and unrelated individual "B") with other jointly owned (husband "A" and wife "AA") for purposes of a real estate "enterprise"?  Or, would the p'ship be one RE enterprise while the jointly owned properties be another RE enterprise? Would the other unrelated individual of the p'ship "B" have to also do the same for his own real estate?  Can one partner qualify for the QBID under the safe harbor while the other does not?

Thanks in advance for any thoughts you are able to offer!

@Brandon Hall @Natalie Kolodij

Hi, wishing you all the best.  Here’s a FB group you may want to join.

Dirty House Buyers Real Estate Investors - Ann Arbor

https://www.facebook.com/group...

@Donovan Clock, congrats! What area is your next one in LP in? My husband and I have all of our rentals in Wyandotte and LP.  

@Tom West are you doing a live in flip?  Rental is in that area.

@Melody Everett-Neddo, are the meetups ever live streamed or on Zoom? How was the April 13 meetup? Is there a FB group that announces upcoming meetups? 

@Chad Pipkins, congrats on making moves to do what you want! 

@Jacob Bremer, congrats! If you have a link for rent this summer please feel free to message it to me! :)

The Metro Detroit Real Estate Investor Group page on Facebook is a great resource as well!

@Tom West, ask to join the Metro Detroit Real Estate Investors Group on Facebook. My husband and I have a rental in LP. City Inspectors do inside, but maybe it’s because it’s a rental.  Just call the City anonymously and ask questions...?  Congrats on your first flip. What area is it in?