., in a real property trade or business) if:1) more than one-half of the personal services you provided during the year were performed in a real property trade or business in which you materially participated; AND2) the number of hours in which you materially participated in this real property trade or business was more than 750 hours; AND3) you must materially participate in each rental real estate activity unless you filed an election to group all rental real estate activities as one (and materially participate in that activity).A "real property trade or business" means any real property development, redevelopment, construction, reconstruction, acquisition, conversion, or rental operation, management, leasing, or brokerage trade or business.Personal services performed as an employee are not treated as being performed in a real property trade or business unless you are a more than 5% owner of the trade or business.For joint return purposes, the eligibility requirements are considered met if either you or your spouse separately satisfy the requirements.

AnthonyCheck 3 local REIA clubs presidents ask for a referral for the best real estate attorney.Connect with them for a compliant strategy.

We are considering electing sub-chapter S status for 2013 to help save SE tax, we are in the business of flipping.

Unless you elect special tax treatment, the LLC is a pass through entity for taxes.

Electical or mechanical certifications are required before occupying premises.3.

In case you don't know, engineering degrees don't allow much room for electives.

As I mentioned in the intro have worked in my father's company the last few years, in this company we employ around 200 employees, some of them commute 1hr+ to get to work.Here's my planI sat down with the VP and President and told them about how my plan and presented them with this idea: see which long term employees are making a long commute and see how much they're paying for their current apartment (these are all laborers so 98% are renting and do not own a house) They would fill my two starting building with company employees and give them a better price than what they are currently paying and the company would make up the difference to me.I know that two challenges, among many, are filling vacancies and getting rent on time.

“Strong home price appreciation in many markets boosted profits for flippers in 2013 despite a shrinking inventory of lower-priced foreclosure homes to purchase,” said Daren Blomquist, vice president of RealtyTrac.

His contacts: Pierre-Paul Turgeon President : Matterhorn Investing Founder : Multi-Family Blueprint e : [email protected] w : www.multifamilyblueprint.com Filipe Yes sir, that would be the fellow.

Don't wait for the meeting visit the club website call the president and several vendors tell them you are planning to attend ask them their experience with the club.Two Great reads, I bought both J.