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Hello, community:A friend and I are starting our first partnership together, a small, real estate-investment firm in Las Vegas. With our blood, sweat and tears, our main strategy will focus on raising capital by way o...
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Hi everyone, I’m excited to join the community! I’m a new investor looking to do fix and flips, buy and holds, and potentially wholesale deals. I’ve spent months doing online learning, lots of property analysis, and m...
Hey gang, One thing ive heard alot from folks lately about is how they are having their spouse qualify as real estate professional status, and getting the hours for it via having them "manage the property manager" and...
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Hi all,
I believe it is common to have a situation where one spouse brings in majority of the W2 income and the other is either a stay-at-home parent, works part time, etc. and they can easily qualify as an RE profes...
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Good morning!I thought I'd take a moment to introduce myself, my name is Miki. I live in Salt Lake City, Utah and am taking steps to become a successful real estate investor. I have wanted to invest in real estate for...
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I am looking for some insight into how others are tracking their finances for doing multiple flips. We are currently using a custom-built system to track receipts and expenses by property, but are considering switchin...
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A partner and I have decided to pull equity from our individual properties to purchase some multi families under an LLC.
Should the LLC be created prior to finding the property or can it be created after the propert...
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I was recently flagged for tax audit, and one of the asks was to show all hours spent on real estate. What a pain!
What problems you face for tracking time spent on RE activities?
Would love to chat more. DM me.
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Real estate is one of the most tax-advantaged investment strategies out there.
Real estate pros buy property using leverage and bonus depreciate to perpetually defer taxes.
Making millions a year and often paying ...
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I'm investigating if I qualify as a RE Professional for the IRS. I'm retired with no W2 income. Primary income is from real estate, investments, pensions and IRA. We currently own 38 units held in LLCs and privatel...