Transfer tax, stepped up basis, depreciation, wife, health, age, control, beneficiaries, income tax rate, asset protection, and tax laws all should be considered. 

It would take another global economic crisis to do substantial damage to our local economy.Professional and Business Services18%Trade transportation and utility18%Government16%Leisure and Hospitality12%Health and Education Services11%Construction and Mining6%Financial Activities6%Manufacturing6%Other Services4%Information including media4%Let's look at my proprietary U-Haul index.

Account Closed Makes me realize I have / always will have a lot more research & knowledge to gain in the real estate world -- and to challenge the status quo of many preconceptions (ie.

Would that eliminate health concerns entirely? 

You need to legalize your property to a legal two or multi use status with the city in accordance to zoning law before renting it out to other individuals.

Hello BP - Im W-2 wage earner and a passive RE investor (20 units) and wanted to see if anyone out there was willing to share their story regarding the real estate professional status.

It's access to live data so I can pull leads based on pretty much whatever criteria I want and I can always see if the status on those properties has changed. 

If they did not disclose they were a licensed agent, not only are they not due the commission....they could in fat have their license suspended or revoked for not disclosing their license status.

Another plus for the area is that the two big employers in the area are government and health care.

It is the same as with our health - if we stop smoking now, we increase our long-term health potential.