Hello, I am wondering if any real estate attorneys can please shed light on whether my current job status would qualify me as a "real estate professional".Specifically, my full-time job in which I work more than 750 hours a year is as a mechanical engineer for a engineering consulting company.

A good cost segregation study is engineering-based, the IRS' preferred methodology.

Buy or inherit and hold all their lives while working the properties for income.I've seen teachers, firemen, software engineers and all sorts of people utilize both strategies successfully.

Seriously now, go to a search engine, find a Joint Venture agreement, work out the details now before everything happens and save your selves a lot of hassle later.

By end we re-did the entire mechanical system, EVERYTHING, had brought in structural engineers for the complete rebuild of the 2nd story, our $35k reno went too almost $80k, it was THE nightmare flip.

I'm an engineer and even then, I'm getting really tired of feeling like life is a paycheck-to-paycheck situation even being an engineer...  

Therefore, it's vital to calculate these costs before purchasing the property.Seeking the help of a 🏗️construction professional is recommended to create a comprehensive budget that includes hard costs (materials, labor), soft costs (architectural and engineering fees), and contingencies for unexpected expenses.

I already have a B.S in Engineering (~10 years ago) from a 4-year university, so I'm thinking to enroll at a local 4 year University that offers a minor program in real estate.

I use perplexity more for house engineering and also to researching partial house.

Establishing a robust financial base is vital, as it echoes your investment aspirations and capacity for risk.