Neil Polehn
Disablity and "Professional Realtor Status"
Hello All,
I am on disability as I could no longer work at my high paying tech job due to spinal infections and the stress. Obviously a big drop from my salary to disability. To augment my income I am stepping up...
Andrew Pierson
Renting to keep 1031 status
My Mom is selling a 1031 property in Oregon. She has had it rented for at least 5-7 years. Starting in January 2023 she evicted the most current renter to get the property ready to sell. She got about 4 months of re...
Brian Jaeggi
Tax Lien Certificate - Status Update?
Hello,
Last year I purchased 3 tax lien certificates in Polk County, FL. Does anyone know if there's a way to check the "status" or if I simply wait it out for the certificate to be redeemed so I can get paid out? ...
Michael Jennings
Rep status, 100hrs, material participation
I searched a bit and could not find the answer to this. Is the 100hrs goal for materially participating per property or per portfolio? Thanks
Mark Weiss
Insight on Avoiding Dealer Status
Hello BP! This is my first post ever even though I've been reading on the site for some time. I can usually find the answers I need in old threads but on this subject I haven't found exactly what I am looking, hence t...
Boston Caruthers
REP Status with Sales Job
Hey everyone my name is Boston I invest in Charleston,WV. I just started a Full commission sales job and I have been wanting to be considered a REP. I wasn’t sure what I need to do to be able to take my 1099 income a...
Chris McCabe
REPS - Real Estate Professional Status
Hi all, If anyone is willing to offer their experience and learnings from obtaining Real Estate Professional status I’d appreciate it. I currently have one property (sold 2 over the last 3 years) I actively manage but...
Pam Smith
REP status for running STR's
Hi all-I currently have a full-time "day" job but would love own/manage STRs full-time. Just curious, anyone with REP (real-estate professional) status on here, how many STRs did you need to get to in order to qualify...
Heather Little
Real Estate Professional Status Qualifications
I left my corporate job last year to stay home with my daughter and focus on our real estate business. I'm trying to determine if I can qualify as a real estate professional. I know you need 750 material hours per yea...
Jesse Aaron
What determines “fixer-upper” status?
I’m very excited to finally get my first flip on the market. I have about 30k tied up into a used (but very nice) mobile home on a 1 acre lot I purchased that had a hidden water well and unused septic on the property....