At first, you won't be able to offset your W2 income with losses, but it is nice when you sell a property at a profit and all the capital gains are wiped out by losses from other properties.A huge amount of tax savings get unlocked if one of you leaves your W2 job to focus on real estate and you get Real Estate Professional Status (REPS). 

For data, I rely on PropStream and ListSource.To stay organized, I label and sort leads by status (hot, warm, or cold), set daily follow-up reminders, and always prioritize hot leads.

We've been communicating quarterly on the property status, but a simple search on Zillow made me think he's lying to me.

Advertising a non-conforming unit without disclosing its illegal status could be considered deceptive (and fraudulent), opening the owner to major legal risks (fines or tenant lawsuits).Even private marketing, like word-of-mouth, doesn’t absolve the owner from liability if the unit fails to meet legal requirements.

Suggestion: AVOID LIKE THE PLAGUE.I never received my order, no eta, and the only response I received was dated 10/21 saying they’d contact the manufacturer for a status.

Hi tax pros - I have a question about REPS status.First, selfishly, do you believe that my job as CEO of BiggerPockets, which I spend obviously spend essentially all working hours on, and dwarfs activities involving my real estate portfolio (which is managed via a property manager) qualifies me for REPS status?

If you are claiming Real Estate Professioanl Status(REPS), it is important to keep a log of your activities. 

That's where I got it (mouse over the link - your browser's status bar area should show the actual URL behind the text).

Hello BP Community - my first post, here it goes.  I own a 2 family home since 2016 that I have rented in Queens, New York.  Time has come to sell.  During Buyer's title search, it was identified that there is no Cert...

@Jay Hinrichs @Patrick DesjardinsWe rep and warrant all notes (both re-performing and non-performing) to be a valid lien and to be in the lien position as disclosed at the time of purchase.Our current performance warranty on re-performing notes is as follows:"In the event that a re-performing note becomes delinquent, or enters non-performing status, PPR’s Loss Mitigation Department will notify the note investor within 30-60 days and then attempt to address and correct the payment issue prior to the loan becoming 120 days past due.