Ale Rioja
Qualify as RE professional with full time W2 and single status
Hi BP community, I wanted to see if it's possible for me to qualify as a RE professional or what other strategies are available. I know that to qualify as an RE professional for tax purposes, I must:- spend 750+ hours...
Reed Meyer
Real estate professional status when W-2 is in real estate
I am curious if I will qualify for real estate professional status once I buy my first rental property. I will satisfy the 750 hour requirement as I will be managing my own property and also working as a real estate a...
Walter Sauls
can a church flip properties without losing it's 501 c3 status
I'm the treasurer of a small church. We are looking for ways to invest the savings account for a better return. We have the money currently invested in CDs. When i get the statements it's obvious that the bank is the ...
Andrew C.
RE Pro status: links for docs that clarify what activities count?
I am a high-income W2 employee. DW is not currently employed, other than involvement in our planned RE adventure.Can someone clarify what counts for REP status? Any chance you've got links to srcs (case results, etc?)...
Kevin Allen
Buying cash in PA; can title co. require buyer's marital status?
In Penna. can a title company require marital status info when it's a cash purchase by one person?
Lee L.
Is it douchey to update your FB status with REI exploits?
I update my update my fb status with my real estate progress all the time, but 10 seconds later, I end up deleting the status because I think it comes off as being douchey. What do you guys do? First rule of Fight Clu...
Benjamin Sol Ignacio
W2 --> 1099 : Real Estate Professional - Tax Status - Does it make sense?
Good Morning!I currently work in Land Development as a W2 employee making $200k+ a year. I had spoken with my previous CPA about possibly becoming a 1099 for my current employer to achieve Real Estate Professional sta...
Douglas Holt
Real Estate Professional Status and material participation in new development hours?
I am looking to understand if development and construction hours for new multifamily project are eligible for material participation to earn real estate professional status the year it comes online.I have land and loo...
Johnny Pham
First Time Home buyer Status with Investment Property Out of State
Hello everyone, I was wondering for CALHFA first time homebuyer status, is it still valid if you have an investment property that is not your primary residence? If I have a property out of state that is a rental, can ...
Michael Green
Future/status of STR property management contract when unit is sold?
Hi folks - Purchasing an STR condo in FL that is currently managed by Vacasa. The seller tells me they have a 90-day notice w/ Vacasa, which they apparently have not given Vacasa yet. I got a hold of the Vacasa ...