Hello everyone I’m new to the site.

Here’s the answer:To qualify as a Real Estate Professional (RE Pro) in 2024, you need to meet certain criteria set forth by the IRS.Here are some of the key requirements:1.

Novations are the big thing currently in the wholesaling world.

Hi Erin, welcome to the community! 

Purchase price: $137,500 Cash invested: $1,500 Sale price: $155,000 Helped a friend stop a foreclosure on her Mother's home and recoup some of the money that was stolen from her.

But I stayed out of the super expensive areas too. 

Next time you try your hand at raising capital you may fool some of the people who first balked at your credentials. 

Most of the homes in my neighborhood are similar to mine and have all been converted to multi family homes.

it's probably just a matter of casting a wider net in terms of applications. 

So, average cash flow is a product of the choices you make and the capital you have to deploy, as well as your lendability.I think what @Alecia Loveless wrote should be very helpful to you in terms of judging the money coming in, but it all depends on your location and investments.