I recommend that you stay on the safe side and do send 1099s to your wholesalers.You do not need to send 1099-NEC in these cases:You paid the contractor electronically (more on this below)You paid the person a total of less than $600 during 2023Payments for purchasing all kinds of goods, materials, and property, including real estate itselfThe person who worked for you is a corporation, and you made payments to his corporation.

(b) Once you know what you can buy, you would line-up a real estate agent that works with investors in the market you are buying.

However, this is not really effective in the real world.

Joining BiggerPockets is a fantastic first step – it’s where so many great real estate journeys start.

The thread addresses a different topic, the Real Estate Professional status, but the same principle applies to the hours in both contexts.

There are a couple of unique tax laws to real estate investors - 1031 exchange, bonus depreciation on certain improvements, Qualified Opportunity Zones, real estate professional status, etc.Make sure that the accountant you interview to understand the above concepts.best of luck!

I cannot understand why its so expensive.I've worked in real estate for years. 

I'm located north of Houston, Owned a Real Estate Mortgage company years ago.....

Good Morning BP,I bought my first house last year in Suffolk, Virginia just to get started in the real estate game.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?