Hi! I'd like to house hack my first property using the Invest Atlanta program (Home Atlanta 4.0). Can anyone recommend a lender who participates in this program? There's a list of participants here.
For those working full-time jobs and self-managing rentals, do you qualify for material participation? 500 hours seems like a stretch for those that tend to only spend 30-60 min/week managing their properties.
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 ...
Hi BP community!
I'm new to this forum and to real estate investing in US. I have a few rental properties in my county of origin.
I live not far from Grass Valley and Yuba City and I was wondering if there is anyone...
Under Sec 469: A taxpayer qualifies as a real estate professional if (1) more than one-half of the personal services the taxpayer performs in trades or businesses during the tax year are in real property trades or bus...
hello all, I am trying to purchase a 2nd property and have a couple of strategies I can implement but i am truly at a crossroads . Currently I have the ability to purchase a single family residence for a price that wo...
Is it possible using an LLC structure for buy/hold where I purchase the property and retain 100% ownership of the LLC but have a partner member(s) that I spit profits with on a percentage basis? i.e. 50/50, etc.
Has anyone filed taxes yet as a W-2 employee who owns only STR, rents for on average less than 7 days per rental (STR), and materially participates (usually requires 100 hours or more in a year and more than anyone el...
*Note: this post is intended for investors who actively DO NOT automatically file a 1040 every year, unless they've incurred a tax liability.I'm wondering what difficulties investors who understand (have read the pert...
If I purchase two rental properties this year. I materially participate in one, and nearly completely hands off the other to a property management company. Can I elect to combine these two and take bonus bonus depreca...