Samuel Kim
Real estate professional status 750 hours doable?
19 January 2025 | 19 replies
all are new constructions and I don't know how she is gonna be able to find 750h of work to do in these new construction houses.Any help appreciated Good questions, first the IRS requirements to meet Real Estate Professional Status (REPS) are: > 50 percent of his/her time working in real property businesses; AND, 750 hours of service during the year ANDAt least %5 ownerIf married filing jointly, one spouse must meet 750 hour requirement on their own.
Carl Rowles
Flooded House-Plz Help
29 December 2024 | 14 replies
.- Check with your insurance agent ASAP.You'll need to file a claim and get a claim number.Try to get an insurance adjustor in ASAP, so you can start pumping water out, removing all water damaged drywall and get dehumidifiers in. - Note: the insurance company's adjustor will try to minimize your claim amount.
Cassandra Devine
Evicting rent stabilised tenants to convert an SRO to a primary residence?
18 December 2024 | 4 replies
I found this fact sheet which seems to indicate it would be possible to evict the rent stabilised tenants so long as they haven't been living there for more than 15 years or are older than 62 or disabled: https://hcr.ny.gov/system/files/documents/2020/10/fact-sheet...
Ram Gonzales
Title clearing an old paid off lien
19 December 2024 | 2 replies
The loan doesn't decide its lien position the order in which voluntary liens (mortgages) are files determine that. 2.
Michael Plaks
EXPLAINED: should I trust all those "End-of-Year Tax Saving Tips"?
24 December 2024 | 6 replies
To apply cost segregation to your 2024 taxes, you need to do it at any time before you file your taxes, not before the New Year's champagne toast.
Noah Bacon
BiggerPockets Pro Partner Update - Stessa!
15 January 2025 | 49 replies
I would try deleting my temporary internet files in your browser.
Scott Schnabel
New Regulations in the City of Cleveland
3 January 2025 | 18 replies
Some info below:https://www.clevelandohio.gov/sites/clevelandohio/files/Loca...From the City of Cleveland website:"The City of Cleveland’s definition of “Local Agent in Charge” is in Cleveland Codified Ordinance § 365.01(k).
Rick M.
What to do if tenant falls a month behind
25 December 2024 | 12 replies
In my lease, rent is due on the 1st and late on the 6th (and I file eviction on the 10th).
Duncan Forbes
Would like Suggestions on Foreclosure Buying
11 January 2025 | 31 replies
Pacer.com is for researching if someone has filed bankruptcy or not.
Andrew W.
Texas Series LLC - Bank Account Recommendation?
19 December 2024 | 14 replies
I don't want to have to file separate franchise statements.