Hello,Do you have to be a real estate professional with 750 workhours and 50% of time in landlord job than ur job to report as business instead of a investor or does 500 work hours as landlord is enough to report as b...
Can my IRA or 401k buy and sell cars and toys?
hello BP fam,My name is Ross Kappmeyer, I am a young professional looking to invest in rental properties in the Fayetteville, AR and Austin, TX regions(3bd/2b and duplexs). I am new to the site but an avid podcast li...
Hi All.I noticed that there are numerous discussions regarding real estate professional and taxes. I know the IRS has specific requirements in order to qualify (750 hrs, 50% of time, materially participating, etc). ...
What accountants do people in Austin like? I prefer someone who is active in real estate in Austin and who is a bit of a people person (I'll come back to say why). Through BP and meetups I have found numerous great at...
If an IRA LLC is investing in multiple passive syndications, does it have to register in each state where it makes an investment? If so, how is that facilitated, are there service providers who handle it, and what ar...
Hey everyone! My name is Mark, and I'm a new real estate investor in Atlanta, GA. I don't have much real experience but I have read plenty of books on RE investing. I'm planning to get my feet wet by purchasing my fir...
Hi All,I'm looking to buy an investment property in out of state in Houston, TX. I've been analyzing Houston for sometime now and haven't been able to find much properties that cash flow. I've visited the city numerou...
IRS will challenge the 750-hour requirement under §469(c)(7)(B)(ii). The Temp Regs set forth the requirements to establish hours of participation §1.469-5T(f)(4): "The extent of an individual's participation in an ...
Hello everyone! This is my first post.I've flipped a couple SFHs over the past couple years, and right now I'm trying to purchase my first commercial property. I've done my homework on the property and know it's a goo...