Here’s the answer:
To qualify as a Real Estate Professional (RE Pro) in 2024, you need to meet certain criteria set forth by the IRS.
Here are some of the key requirements:
1. Material Participation in a Real Est...
Hello,We are looking to move and upgrade our home and I'd also like to start my real estate investing. My thoughts are I would rent out my existing home and either cash out refinance or HELOC on my existing home for ...
Hi there, I am beginner investor in residential properties and i thought it would be a better idea to go into commercial properties for a higher return. However, there is more risk involved with commercial and I need ...
The neighbor to one of my properties keeps snow blowing her snow on to my driveway. I am planning to contact her to try to work this out as the first step. Any thoughts on how to approach this, and if that doesn't wor...
Hey BP! Long story short..... everyone has moved out of our childhood home and we placed a tenant in there. I manage the property from out of state but does not require much considering the condition of the home. Afte...
I am interested to hear some of the experienced Chicago investors thought/opinions on how you think Mayor Lightfoot's plan to "limit aldermanic prerogatives" as it relates to zoning and permits will change the permitt...
Hey Bigger Pockets Friends,
This is my first post on here so I appreciate the support ahead of time. Back in 2011 I purchased my first condo for 90k and now it's worth 250k.
I wanted to look into refinancing this p...
Soo, I am not sure if this kind of post is allowed? But if it is not please let me know and I will take it down.Anywho, as I prepare to dive deeper into rei world, I am currently looking for a local real estate agent ...
Hey Everyone,I have a month to month tenant, and it's going to be a year in August since they been at the property and I took over the lease. I wanted to give my self enough time to prepare to take over the mortgage a...
In “normal” transactions where there is a cookie cutter property and no issues anticipated, it appears that quite often the buyer’s closing attorney will also handle the deed preparation. I’ve always thought it was a...