All Forum Posts by: Torrey Benson

Hi Tonya!  Yes I have found some incredible resources this last year and always looking for more!  Check out 

https://jasnaburza.com/

https://wealthbuildingconcierge.com And https://cashflowtofreedomacade...

I’m still looking for a good mastermind to join that focuses on triple net commercial investing. Let me know if you find anything!

Hello All! I am looking at acquiring a commercial property in Detroit, MI. What is the overall climate there for investors? Is anyone invested in Michigan and have insight for me? Thanks!

Any recommendations for awesome female business success coaches? 

Also looking to join a commercial real estate mastermind group. 

Thank you!

Thanks for the response Paul! You are right. Let me clarify...I am a real estate agent and my husband is a full-time property inspector. We each have met the 750-hour requirement for professional re status. Where the 500 hours comes in is your activity in the rental business...Material Participation. The purchase of this building was quite a lift and we logged many hours in the due diligence and getting it closed. (We also own another building that we can include if we check the correct box on the return!) Post acquisition, even with a hired property manager, we have logged excessive hours in lease negotiations, strategy meetings and analysis. After discussing with our advisors, and looking at our time logs, I am comfortable representing that we have met the requirements and will be able to use this method to deduct active income.

Hi All! We are about to pull the trigger on a cost segregation study on our commercial building. I feel like we have done our due diligence...

-Vetted a reputable firm. 

-We qualify for RE professional status and meet the 500-hour requirement.

-The estimates work with our 2020 tax picture and review with accountant.

But before I sign their contract I wanted to reach out to the community and see if you have any tips on things to watch out for in this process. Anyone have stories I may be able to learn from before we go for it?

Thanks! Torrey