Here’s why and what alternatives might exist:Real Estate Syndication or Fund: Invest in funds that generate passive rental income, which can offset Schedule E losses.Real Estate Professional (REPS): Qualify for REPS to reclassify rental losses as non-passive, allowing them to offset active income.This post does not create a CPA-Client relationship.

The guy on the internet has no clue/smoking crack/selling you something/all the above.Dale, there is no "Agreement between the NAR and the banks".

While I don't do this professionally, I have a software team that works for me overseas for my real estate business needs.

Readers should seek professional advice.Thanks for your reply!

No, we are not perfect like any business, and we always welcome feedback as long as it's constructive and professional.

Agree 100%, trust and transparency are what set professionals apart in this industry.

Readers should seek professional advice.

It was carried out through zoom so it was very convenient- The employee that I had a meeting with was really professional and nice.

It also positions you to work more effectively with lenders and partners who want to see a professional financial setup.How are others here organizing their finances?

This deal originally was supposed to happen in December 2023 but the seller wanted to wait.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?