Hypothetical situation: If I am working towards material participation hours on a relatively small property in terms of total value but get there in terms of the technical hours and the test, and say later in the yea...

Can anyone please clarify this- I have read and heard multiple times that if you spend more than half your work hours in RE you may classify yourself as an RE proffesional.  Of course, the benefit of this is to be abl...

Let me know if anyone else has done something similar.
I have a property in a c class neighborhood, and I had increased the rent on this door to $850 a month last year. Found a reasonably good tenant with 2 children,...

From the handful of areas I have looked at, the vast majority of condominiums (condos) that had achieved FHA-approved status have allowed their approval status to expire. I am trying to figure out if having a unit in ...

Achieving Real Estate Professional Status (REPS) can allow investors to deduct rental real estate losses against other income, potentially providing substantial tax savings.Key Points:
Qualification Criteria: REPS re...

I am fully retired and have a small pension. I own 7 doors all of which are about 30-40 miles from my house. I am managing the properties myself and spend a good amount of time overseeing them (maintenance, cleaning, ...

When is it worth purchasing a rental property when the presence of lead paint is "unknown"?There are cities in MA where nearly every buy-and-hold investment property was built during the days of lead paint. The gross ...

Can a general contractor obtain real estate professional status?

Beyond renovating and building properties for resale or long term holding, how could this be done?

For instance, would it could if a general contracto...

Many investors think that if they don’t qualify for REPS status, they won’t be able to benefit from a cost segregation study. However, there are multiple ways that you can still benefit!
A cost segregation study is a...