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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...
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I know acquisition time or commute time do not count for 500 hours material participation in rental properties but couldn’t find any regulation saying they don’t count for that 750 hours total RE involvement. if that...
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My daughter needs a place to live and I want to purchase a rental investment. Can I partner w her on the purchase and claim primary residence for financing if she lives in one unit of a duplex?
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Hello everyone!
Wanted to share an update on the progress that my partner and I have made since my first post. We worked all day today on our contracts, both purchase agreement and assignment contract, and...
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Hi BP community, my name is Tinah - a brand new real estate investor and I am in a bit of pickle - need guidance.I signed a P&S agreement on a property and later realized that by law the lead disclosure on lease d...
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Hello we are in the same boat. My application status has been in batched since 12/09/21. I have not had any movement in the portal since 12/09/21. It has an amount which should go directly to my landlord but nothing...
Hi, is there a way I can check if there is a mortgage on a property, as well as any liens or taxes owed, or do I have to contact a title company?
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Hello BP,
I would like to hear a second opinion here regarding Real Estate Professional Status (REPS).
Background: I have a full time W2 job. My wife does not work. My wife and I formed a partnership LLC back in 201...
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Has anyone ever gotten questioned or audited when claiming the real estate professional status? This is something I've been learning a lot about and producing content on and I'm wondering if anyone could share a perso...
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Hey there. Looking at some potential multi-family properties in Pensacola. Anyone know what the rental market is like currently (hot, cold, etc)? Or have any knowledge of that particular market they'd be willing to p...