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17 February 2025 | 7 replies
I only recently became licensed, so I would have a long way to go in order to comply with the 2-year experience requirement, but I have been an active investor for 5 years so I am wondering if I would fall within the 3 year exemption, below:- Have at least two years of experience as a licensed real estate salesperson or at least three years of experience in the general real estate field or a combination of both- Meet the minimum points required for the experience type (e.g., buying and selling your own property, managing property owned by your employer)Thanks in advance!
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15 February 2025 | 4 replies
Also the expenses should be reported to the business activity (the property) they legally are generated from; not necessarily the entity they are paid through.
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20 February 2025 | 2 replies
All real estate activities you engage in ad a licensee are subject to your broker supervision, and fall under the regulatory rules of your state's real estate commission or department of licensure.
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12 February 2025 | 8 replies
I’m actively working on agent outreach and direct-to-seller approaches and would love to collaborate or learn more about your investing criteria.This community has been such a tremendous resource for me, and I’m eager to give back by helping others find great opportunities in Columbus.
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9 February 2025 | 9 replies
I love that you have found passion in REI and have laid down a path to success with your three approaches.Of the 3 activities you are in, do you prefer one over the others?
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11 February 2025 | 2 replies
Also, it can avoid filing an amendment.Another great point on eligibility- SEP IRAs require net self-employment income from activities like 1099 contract work, real estate sales, wholesaling, or other self-employment business income.Passive income as you have highlighted, does not qualify.
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12 February 2025 | 4 replies
Hi Robert, in terms of the work that could be done easily I suggest activities such as painting, flooring if you have the proper tools, and tiling.
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10 February 2025 | 3 replies
I presume your intention is to be an active investor who owns physical real estate and not someone who invests passively.
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13 February 2025 | 5 replies
Quote from @Nicole Laba: I work with investors in Chicago who are actively buying off-market properties, and Ive noticed that everyone has a different approach when it comes to sourcing deals.
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16 February 2025 | 6 replies
You have to work with someone that is experienced and very active in the field.