
21 November 2024 | 9 replies
You meet at least 10 people a day you don’t know.

19 November 2024 | 0 replies
To qualify, taxpayers must meet specific criteria demonstrating that they are real estate professionals who materially participate in their rental activities.How to Navigate the Rules:Step 1: Identify your real property trades or businessesHere is a list of activities that are considered to be a real property trade or business:RedevelopmentLeasingConversionConstructionReal property developmentReconstructionOperationRentalBrokerageManagementAcquisitionIf you participate in multiple of these activities, you may be able to combine them making it easier to meet the material participation hour requirements.Step 2: Demonstrate material participation in real property trades or businessesThere are seven tests to determine if you demonstrate material participation.

20 November 2024 | 6 replies
My understanding is that the buyer assuming the loan has to meet the same credit/underwriting criteria as the original borrower, but this is not my area of expertise - lenders are typically not involved in assumptions.

19 November 2024 | 2 replies
You can also check meetup.com or search Facebook for real estate investment groups, clubs, or meetings in your area.

19 November 2024 | 6 replies
If you meet those criteria then you can try to apply.

21 November 2024 | 4 replies
A balanced approach—leaving some 401(k) funds for diversification while allocating after-tax dollars to real estate—can optimize tax efficiency and meet retirement goals.This post does not create a CPA-Client relationship.

19 November 2024 | 15 replies
The main monthly meeting is this Tuesday (Nov 12).

15 November 2024 | 3 replies
for example when changing cabinets, addressing trim, door pulls. hot water tank replacement: place a pan under it.

20 November 2024 | 17 replies
Hi Jeremy, nice to meet you!

19 November 2024 | 12 replies
However, if you or your spouse can meet the Real Estate Professional Status (REPS) requirements by working over your w2 hours in real estate and materially participating, the rental losses could offset your active income.