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7 February 2024 | 14 replies
That being said I would look into material participation and make sure you are eligible for tax savings based on your W-2 income.
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7 February 2024 | 21 replies
Build Local and National Networks: Participate in real estate investing clubs, meetings, and networking events in your community.
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7 February 2024 | 40 replies
Once your in it then you begin to see all the bad of real estate investing that not many people like to share because no one is proud of sharing their bad investments or fails.
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6 February 2024 | 6 replies
In order to network with other investors, consider the following tactics and approaches:Local Real Estate Events and meetings: Participate in seminars, networking gatherings, and local real estate meetings.
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7 February 2024 | 13 replies
You'll never meet the material participation requirements.
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7 February 2024 | 29 replies
It's a huge accomplishment and you should be so proud of yourself.
6 February 2024 | 4 replies
Spending more time in real estate then any other activity Test 2: Material participation test: (which is out of scope for this question) As far as part 1 on test 1 goes, you are right it would count.
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5 February 2024 | 5 replies
To leverage this benefit, prospective property owners must engage in short-term rentals and provide substantial services to guests, such as daily cleaning, meal provisions, or transportation services.Additionally, navigating a material participation test becomes crucial.
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5 February 2024 | 12 replies
Bidders should be LOUD and PROUD.
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5 February 2024 | 10 replies
@James MeyerAs a realtor you would be classified as self-employed and therefore eligible to sponsor a Solo 401(k) - assuming you do not own or control any other business that has employees.Your employee deferrals are capped at $23,000, or $30,500 if you are over age 50, across all plans you participate in.