This encompasses eleven authorized activities within the real estate sector, including development, construction, leasing, and brokerage.750 Hours Test: In addition to meeting the 50% test, individuals seeking Real Estate Professional Status (REPS) must surpass 750 personal service hours materially engaged in one of the specified real property trades or businesses.Understanding Material Participation:Material Participation: Only hours deemed material to the operation of a real estate business are counted towards qualification.

I've been listening to Bigger Pockets for years, read tons of books, watched countless webinars and videos, and I forget that this is a new concept to people sometimes.

You really have to watch the training videos (which i dread, i always feel like I can just figure it out as I go...), everything is hidden and not self explanatory.

Hi Jose - sharing a link to this article I published last year on BP on all about DSCR Loans https://www.biggerpockets.com/blog/multifamily-dscr-loansI also posted a piece on this (companion to a youtube video on our channel) this week on the Private Lending forum - https://www.biggerpockets.com/forums/49/topics/1184943-multi...Key is how many units you are looking at:In these forums - A common question among real estate investors that want to get into the multifamily investing space is how to get financing.

It's like learning to drill teeth by video.18.

You can find some good YouTube videos on the types of income and expense categories to use. 

Once you get past the zoning hurdle, its important to engage an architect who can lay out units.  

One guy offered schematics (no signatures or seals or MEPs just drawings to secure estimates from prospective contractors), but if I understand correctly, sounds like I need everything as this will go through all permit depts.I am also going to try to do SOME things myself if I can find a solid enough document or set of video instructions to do so... like maybe laying the tile or framing up the walls?

So my thought on this is that I wouldn’t (personal preference) engage in a subject to transaction with anyone other than an experienced investor on the other side of the transaction.  

Hello Bigger Pockets Community,I'm currently engaged in cold calling homeowners whose properties are nearing tax sale, and I'm encountering numerous LLCs that have forfeited and are inactive.