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30 January 2023 | 52 replies
They don't just hand you superhost status, you do have to earn it.Plenty of my clients are looking for their next purchase, so it's definitely realistic to invest, but as @Michael Baum points out, you have to buy smart and underwrite well.And remember, I spoke to a LOT of people over the past few years that couldn't make their numbers work and never bought.
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5 November 2022 | 3 replies
The moment you moved it to the LLC, you change the status/view of the occupant.
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6 April 2023 | 1 reply
My question is the following…Do the several hours taking a Real Estate Licensing course and exam count towards Real Estate Professional Status?
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21 January 2018 | 2 replies
Meaning you cannot refuse to rent someone based on Race/Ethnicity, Age, Family size, Gender, Sexual Orientation, or Marital Status.
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5 January 2020 | 28 replies
Before I fill out my profile, at current status, I get tons of calls (that I don’t want to deal with) from different Realtors already want me to be their client.
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7 April 2023 | 4 replies
You may also want to consider having the tenant fill out a new rental application to update your records and confirm their current income and employment status.
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27 May 2021 | 2 replies
With respect to real estate professional status, are there any limitations or traps for the unwary when electing to aggregate rental real estate activities into one activity pursuant to Code Sec. 469(c)(7)(A) and Reg. §1.469-9?
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9 July 2020 | 19 replies
And we have been here more than the 2 years for tax exempt status.
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10 January 2017 | 7 replies
It should also be noted that I just read a tax case where they denied RE Professional status to someone who owned 2 rentals and was a Loan officer during the day.
26 February 2015 | 3 replies
However, the owner cannot make oral or written statements, or use notices or advertisements which indicate any preference, limitation, or discrimination based on race, color, religion, sex, sexual orientation, marital status, national origin, ancestry, familial status, source of income, or disability.47 Further, the owner cannot discriminate on the basis of medical condition or age.48 A person in a single-family dwelling who advertises for a roommate may express a preference on the basis of gender, if living areas (such as the kitchen, living room, or bathroom) will be shared by the roommate."