@Austin TessTo buy your first multifamily property, follow these steps: get pre-approved for financing with an FHA Loan, identify a high rental demand market, choose between house hacking or pure rental strategy, analyze the property using the 1% rule, build a team, negotiate the purchase, and manage the property professionally.

My spouse is trying to meet real estate professional status with the goal of offsetting my W2 income tax. 

Hello everyone,My Canadian company owns a residential property in California and I want to sell it to my own personal name as I am closing my company.I don't know which professional to consult to help me do the transfer besides my CPA.Can I do the transfer of the deed myself (going to the County Recorder’s Office) and just check with my CPA for taxes due?

W-2, 1099, etc.) with passive income/loss from rentals is to meet the IRS requirements for Real Estate Professional Status or REPS (this also requires material participation in addition to specific requirements to be considered a REPS).Once you have clarity on whether or not you can offset non-passive income with rental losses you can then explore cost seg to accelerate depreciation (and some of the accelerated depreciation from cost seg will impact year 1)...

Fortunately, we did not sustain any damage or flooding from the storm.It's great to connect with a design and architecture professional in Sarasota.

They can talk to the insurance company for you, make sure repairs are done quickly, by licensed professionals,  and keep your tenants updated (if needed).

The appraisers are professionals and usually undervalue your property by about 15-20% just to avoid people complaining too much.  

Investing in syndications is a team sport. 

As a professional property manager, it’s unsettling to think how many poorly drafted leases like this are floating around out there.

As an active cyclist and triathlete, I am looking at places that are cycling and outdoor sports destinations to cater a rental to athletes.