My Client has following Situation: 1099 Worker; Same Profession the last 8 Years2023 1099 Gross income $87,0002022 1099 Gross Income $134,000 Looking to buy a Condo, SF, or Multi-Fam, and rent out spare rooms & Apartments in the House. 

Those agents have their ego at the expense of the relationship, and there are such agents actively participating in this thread.

But one of the most valuable lessons I’ve learned in my journey is that relationships are often the most critical part of success.

*This post does not create a client relationship. 

For long-term planning, consider transferring the property into a trust to manage tax and legal complexities.This post does not create a CPA-Client relationship.

*This post does not create a CPA-client relationship.

Trust and referrals are the lifeblood of building relationships in the real estate investment world.

Consult a tax professional to optimize deductions and explore strategies like Real Estate Professional Status or short-term rental loopholes to apply depreciation to non-passive income.This post does not create a CPA-Client relationship.

Visit FinCEN’s website for filing details.This post does not create a CPA-Client relationship.

Being a broker myself, I can attest to the incredible value you can bring to clients by understanding not only the brokering side of things, but the application of those funds.