An active real estate investor will have so many things going on with their tax returns it can make your head spin...

You can easily watch probates, foreclosures, tired landlords, expired mls listings, active listings, sheriff's sales, etc all at the same time.

Still learning everything we can about how to, but man does this seem like the thing to do.Anyway, really looking forward to becoming an active member of this site and learning from as many of you as I can.

An LLC is a right choice for Rental Real Estate activities, but not for Rehabbing or a flipping operation such as yours.Joe

He sees all of his kid's ball games, activities, has lunch with his wife 3 times a week, etc etc.

You would want to keep track of the location of business activity by state so you can file the proper state tax forms when they are due.Originally posted by "mills014":3) I am married.

I am currently an active duty Marine and living in Southern California.

Basically, it means you must spend at least 750 hours/year doing real estate related activities, or more hours than you spend doing anything else.

We build single and multi-family homes as well as large scale subdivision development.I'm looking forward to interacting with your active membership and introducing those of you unfamiliar with our little slice of paradise to the Emerald Coast of Florida.Wes FontaineEagle Building & Development

How do keep the lender from activating the DOS clause?