@Anastasia P.Not off the top of my head, sorry.

Quote from @Brady Ascheman: Hi everyone, when meeting with my CPA recently I was instructed by here that if you obtain "Real Estate Professional Status" as per the IRS rules then your rental income become "active" instead of "passive" income in the eyes of the IRS.

I want to use my IRA to buy an investment lot.

The only reason we don't qualify for traditional lending is because I took some time off to help my terminally ill father, and my husband has been in a commission-based role for less than a year (the lender said you need 2 years of history for that).

As a Realtor, I am seeing inventory fly off the market in many cities and my buyers are having to fight to go under contract.

I've purchased homes for my own residence, but never an investment.

I also have their expenses which are in line with my estimates/analysis.I do not believe the Seller's will like that valuation and I know they are hiring an appraiser.

@Marcus AuerbachHey Marcus, my RE estate agent says it's worth around 600k based on the comps.

I purchased a property in Chicago in 2024 and pay $400 a month for my water bill (unmetered).

However, my portfolio is mostly B2B and the businesses I work with are comfortable paying the nonrefundable fee plus the refundable security deposit.