Josh Autery
Bigger Pockets - "Flipping Book" / PRO Status
As much as I love this site, and all of the content it offers-- I'd be lying if I didn't say the pages promo-ing the Flipping Book, and the Upgrade to PRO page look really "Guru-esque."Maybe it's just internet marketi...
Kyle Cabral
Current DM Status - Tax Lien Question
Hi All,My partner and I are in the process of getting our DM campaign going. In addition to that, we've put up about 60 bandit signs throughout our target location, setup a lead generation website, and are now compil...
Neal Weinstein
Rehab - property clean out tax status
Hey all, first time posting here on BP. I am embarking on a rehab project which I will rent out after rehab is complete. My question is on the initial clean out of the property. The prior owner was a hoarder and ...
Ang Bucci
Achieving Real Estate Professional Tax Status
Hi BP Community- I have been reading about the benefits of achieving the "real estate professional" status for tax purposes. I understand the specific rules laid out in the guidance but am curious to hear examples of ...
James Sullivan
SDIRA checkbook status and credit card
I have recently went through the process of setting up my SDIRA with checkbook status. The bank that is housing the LLC insisted that I have a credit card. Is it a prohibited transaction to use the LLC credit card to ...
Emmanuel Rosario
House Hacker - Real Estate Professional Status
By the end of this May / early June I will be the owner of 2 family unit. This will be my first property. I am using a FHA financing to purchase the property. If I fulfill all of the requirements , can I claim real es...
Chris Pounds
Achieving "Real Estate Professional" Tax Status
First post, all. Thank you for reading.
I am considering jumping in on the landlord/rental investment train. I want to maximize my returns and try and achieve REP status on my tax return, therefore allowing depreci...
Rory C.
New Member Status Update - Contract Question
Hello everyone!
So far things are going as planned. However, we seem to be running into some issues with out purchase contract. Here is the situation...
We found a basic purchase contract online, add...
Jamie Juelfs
Tax time- Real Estate Professional Status
Hello all- I’m interested in claiming RE Professional status. I’m wondering if time spent traveling to-from rentals is eligible towards the 750hr requirement. Additionally is time spent doing due diligence and searchi...
Jay Y.
Real Estate Professional status and COVID
So those of you all including myself who claim the prized Real Estate Professional status, were your 750 hours spend affected much by Covid? With a pandemic, tenants were generally reporting less maintenance and evic...