![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1179912/small_1736641137-avatar-johnm1094.jpg?twic=v1/output=image&v=2)
5 February 2024 | 6 replies
Hi @John Morganto qualify as real estate professional here are the tests:Perform more than 50% of services in real property trades or businesses (“50% test”)Perform more than 750 hours of service in real property trades or businesses (“750 hours test”)Materially participate in each rental activity (“material participation test”)what I believe @Jonathan Bock is alluding to is the IRS is pretty strict on these tests and your wife will be expected to substantiate her material participation.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2551950/small_1694646589-avatar-marior175.jpg?twic=v1/output=image&v=2)
6 February 2024 | 5 replies
Hello Biggerpockets FamilyThoughts on selling a SFH to 1031 into land that qualifies for duplex- quadplex?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2013166/small_1695232636-avatar-jonh191.jpg?twic=v1/output=image&v=2)
5 February 2024 | 7 replies
Here's my question: Do I qualify for a tax deduction considering the substantial loss on the property?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2536345/small_1678893464-avatar-katlynnt.jpg?twic=v1/output=image&v=2)
6 February 2024 | 0 replies
Investment Info:Single-family residence wholesale investment.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1086280/small_1695352587-avatar-harrym32.jpg?twic=v1/output=image&v=2)
6 February 2024 | 7 replies
Instead, your end buyer must be an affluent individual seeking a primary residence.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2495293/small_1658848532-avatar-rodolfov15.jpg?twic=v1/output=image&v=2)
5 February 2024 | 8 replies
Hi,I spoke to a lender about a home loan for a primary residence.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2767597/small_1738357162-avatar-jaket181.jpg?twic=v1/output=image&v=2)
6 February 2024 | 3 replies
Right now I am seeing the biggest hurdle for people to get over is paying 55 to 100 thousand upfront, and may qualify for a loan if one was able to be provided.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1491483/small_1621512848-avatar-chrisa390.jpg?twic=v1/output=image&v=2)
6 February 2024 | 1 reply
HELOC on your primary residence)?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2555898/small_1694705238-avatar-kcf5.jpg?twic=v1/output=image&v=2)
6 February 2024 | 6 replies
While they might not provide the highest ROI, if you're looking for a more lifestyle-oriented investment, there are options available that offer full ownership with returns covering expenses and could provide cost-free vacations for you and your family.I would caution against most timeshares, private residence clubs, and fractional programs, as they often come with limitations and challenges in resale.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/687498/small_1621495473-avatar-michaeln98.jpg?twic=v1/output=image&v=2)
6 February 2024 | 2 replies
Investment Info:Single-family residence buy & hold investment.