Hi all,My name is Sevy Bialke and I'm new to treating real restate professionally. I'm still in the learning and educating phase, but my loose goals are to be a BRRRR investor in the suburbs of the Twin Cities, MN. I'...
https://www.racingloufc.com/Will be good for local commercial businesses and airbnb!
I've been reading old posts about the "real estate professional" status (of which there are many) but it isn't clear to me if flippers can utilize losses from their rental properties if they don't self-manage their pr...
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...
Hello,
I'm writing an article for an NYC based digital publication about the impact COVID-19 has had within the real estate space, from the perspective of industry professionals.
Real estate agents, brokers, inves...
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...
How to tell if they are good or bad to work with?
Some background: I have a high W2 income (top tax bracket) and my wife qualifies as a Real Estate Professional.We started investing in RE this year (3 SFH) and I have been looking at the option of accelerated deprecia...
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...
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...