All Forum Posts by: Chris McCabe

Quote from @Angel Peng:

Interested to know what you have decided. I’m looking into getting the app too. But $278 a year seems a lot. My spouse already has an account so for both of us to use it is $556. 

I use an excel sheet I created that includes the date, REPS category, property, description of activity/activities, the people / tools of the activity and the hours spent on the activity. I kept it very detailed, but simple. I don’t think an app is needed at all, save the money. Good luck, Chris 

Hi all, I’m looking at documenting my ‘active participation’ and have been reviewing the REPSTracker app (14 day free trial). Is anyone using this app (or other ones) to track their time and activities? Many thanks in advance, Chris (SoCal)

@Bjorn Ahlblad thank you!

Hi all,

If anyone is willing to offer their experience and learnings from obtaining Real Estate Professional status I’d appreciate it. I currently have one property (sold 2 over the last 3 years) I actively manage but it’s not enough for the 752+ hours annually to qualify. I have accumulated paper losses (e.g. depreciation) I’d like to use to offset my spouses W2 income. Thanks in advance, Chris

Does anyone have a success story they can share for obtaining a HELOC on a rental property in CA? I have around $600k in equity I'd like to access for certain rental home improvements (e.g. roof, flooring). Much appreciated in advance, Chris