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Hi I am looking into build my first Condominium in Downtown Houston. Where do I go to apply for this status and and requirements I need to follow?
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Guys I need your help. I divorced back around 2005 and family home started to go into foreclosure. I applied to the make home affordable program and got home out of foreclosure status. The Home Affordable Program did ...
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I have written an article and the status is unapproved. It has been like this for over 7 weeks. After 5 weeks, I deleted it and published it again.
I have email support but I get no response.
I have written one ot...
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QUESTION: I have 9 rental vacation properties that I rent online. 3 do not qualify as long term, because they do not meet the average 7 day or above rule. However I manage, market and rent them in the same format as t...
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What is Real Estate Professional Status?
Section 469(c)(7) provides an exception that allows qualifying taxpayers to treat rental real estate activities as nonpassive, enabling them to deduct losses against other typ...
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I am looking for some clarity on the REP status. My main source of income is a full time W-2 job with a custom home building company (S-Corp). I am part owner of this company. I also have multiple investments as an LP...
My husband (high W2 Earner) and I have 16 doors that we self-manage. However, I have an opportunity to manage for a company 24 hours a week at a small apartment complex of 56 doors locally. My question being, if I ask...
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Most people know about the STR RE professional loophole. If you are developing ground up construction and have another w2...would that qualify yours a RE professional?
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I am currently dealing with some occupants (who are no more than squatters) and getting them out so I can get in and start the rehab has been a daunting process. Typically, I get them out with cash for keys and it is ...
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I recently wrote a blog post on BP that I think is relevant and helpful to those that follow this forum category:https://www.biggerpockets.com/blogs/11308/78185-ve...