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11 November 2024 | 1 reply
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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11 November 2024 | 4 replies
Any recommendations for tax professionals who specialize in Detroit properties?
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11 November 2024 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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12 November 2024 | 15 replies
For example; young professional may trigger higher demand for smaller units.
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12 November 2024 | 1 reply
Cost segs unlock these savings, but the losses won't offset your ordinary income from your job unless you are an RE Pro.Here's how to think about RE Pro status to make the best case with your CPA and the IRS:RE Pro Status starts with the IRS definition of a Real Estate Professional (IRS Pub 925).It is not as simple as getting a real estate license or working for a firm that provides real estate services.Ask yourself these questions to see if you qualify:Q1: Are you in the right business?
13 November 2024 | 8 replies
Cosmetic repairs that don’t pose health or safety concerns are typically optional.Then be very transparent and communicate thoroughly to the tenant, as to provide a professional explanation for your decision forward.
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17 November 2024 | 32 replies
I understand her concerns and her thoughts but she could have done it in a professional manner.
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10 November 2024 | 6 replies
This post is directed toward professionals who know real estate in and out.
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15 November 2024 | 17 replies
Readers are advised to seek professional advice.
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12 November 2024 | 7 replies
If they have passive losses from the STR, they might be able to offset some of that W-2 income through the passive loss allowance or by qualifying as a real estate professional.