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28 September 2024 | 17 replies
I haven't, but just make sure the mentor has personal experience/success AND you have access to either him or a qualified coach for as many questions as you want to ask, versus just buying a course like some people offer.
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3 October 2024 | 46 replies
Simply owning some investment real estate does not make one a real estate professional anymore than owning some stock's makes one a Stock Trader....To qualify for real estate professional status (REPS), you must meet the following requirements:50% test: More than half of your personal services must be in real property trades or businesses.750-hour test: You must perform at least 750 hours of services in real property trades or businesses.
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25 September 2024 | 14 replies
-AlexYou’ll be able to qualify for the tax deduction and the Like-Kind Exchange based on how you structure the deal, but yes to both possibilities
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27 September 2024 | 18 replies
I would look into if it would be possible for you to qualify as a nonresident alien for tax purposes.
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25 September 2024 | 37 replies
That acronym is used as a ratio to determine if a loan would cash flow to qualify."
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2 October 2024 | 71 replies
I have almost zero turnovers because these people can’t afford to buy a house or qualify.
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27 September 2024 | 8 replies
Hi Matt,Good advice by Drago and I would add the easiest no qualifying option would be to do a cashout refi on a DSCR program.
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26 September 2024 | 1 reply
They also require less time compared to owning a rental outright.The reasons that I don't like REIT's as you mentioned in your post is that they are not efficient from a tax standpoint.From my understanding, REITS pay ordinary dividends and not qualified dividends.
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26 September 2024 | 0 replies
For example; 80% of my business is servicing investors seeking vacation rentals where less than 1% of listings can qualify for a vacation rental permit.
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25 September 2024 | 7 replies
Do either you or your spouse qualify for REPS?