Marc Lock
Claiming RE Professional Status as a W-2 Employee
14 October 2024 | 4 replies
In that case, the taxpayer had individuals testify to his character and work in court, which is an unusual scenario and highlights the difficulty of making such a claim.If the TP cannot qualify for REPS, they may still be eligible to claim material participation in the deals, even with less than 5% ownership in some of them.
Rosemary Earl
Med Term Rental Advice??
17 October 2024 | 14 replies
Conversations with a person land so much better than a message thru FF.Also it is helpful to know that most Corporate Housing companies or Insurance Agencies that are trying to find housing for their customers and reach out to you, they do finds leads on FF.
Andrew Watson
Starting in Multifamily
14 October 2024 | 4 replies
I am a spreadsheet junkie, so of course, I also built my own custom underwriting calculator!
Karina Busch
Working with Agent- what to expect?
14 October 2024 | 5 replies
They can point out why a property might not be the best investment, highlight hidden gems you might've overlooked, and keep you in the loop even when they're swamped.
James Sedano
Need advice on setting up a trust and funding with assets
17 October 2024 | 5 replies
And my feeling is for MOST people Solo 401k is sufficient to meet their needs, and an actuary creating a custom plan is “overkill”.
Marc Shin
How to prove that an activity performed was "material participation" in real estate
14 October 2024 | 6 replies
The key is to be detailed and consistent in your logging.For our clients, we provide a custom spreadsheet to help track activities more effectively.
Jonathan Greene
If You Never Want To Hear About Columbus In the Forums Again, Reply Here
20 October 2024 | 147 replies
I am giving all of the agents who do this a blueprint for success on BiggerPockets and a highlight to what could get them banned.You must be someone who just likes to hop into the middle of things.
Devin James
Why We Build 1 Floorplan Over and Over Again
15 October 2024 | 8 replies
Why we build the same floorplan over and over again:1) Easier for Trades and Faster Build Times: Our trades have been working on the same layouts repeatedly, so they have become more efficient.2) Less Mental Space for Decisions: We don’t spend too much time deciding on which floorplan to build, we focus our time on growing the business and serving our customers.3) Best ROI based on Square Footage: The floorplan we build gives us the best return on investment.
Elyse Miller
Property Management Software
14 October 2024 | 3 replies
They also have amazing customer service which makes the monthly payment model worth it for me.
Jimmy Rojas
First time home buyer, should i use my bank first to get pre approved or broker
14 October 2024 | 8 replies
During the mortgage crisis i worked as a loan officer for a very short period , in that time frame i saw how shady that part of the business was, customers where signing documents blind and for that very reason most lost their homes, everyone was taking full advantage of the situation and trying to get a wealthy as fast as possible before the party was over.What i dont like working with loan brokers/officers is that there is a lot of jargon in their paper work that they only understand , i wouldnt want to get stuck in bad mortgage deal .