Michael Plaks
Syndication losses against active income
Posting my response to a client's question, in order to get my colleagues input on this issue.Q: I have an investor who is actively investing in real estate on their own & have no f/t job. So spending enough time ...
Marc Lock
Claiming RE Professional Status as a W-2 Employee
I know this is a difficult claim and has been posted before but I haven't seen any posts with the following specifics:
Taxpayer (aka TP) is a W-2 employee for real estate company that develops and owns/operates mostl...
Edward Barnes
tax deductions on rental property
My wife owns a condo about in 2008. I married into this pig (the condo, not my wife) as we filed jointly last year. It loses about $500/mo after everything's said and done. Doing the taxes last year it wouldn't let me...
Megan Stone
REPS qualification questions
Im trying to breakdown some minor details of what exactly qualifies for REPS hours. I've received mixed answers1) 500 hour material participation--- Does travel to and from the property count? We live out of state and...
Gaurav A.
LP In Syndication | losses from Syndication & W2 income
Context: My spouse is a real estate professional by materially participating in the management of multiple Single family Residential.She spends more than 750hr and keep a methodical record oh the activities. Plus thi...
Leland S.
How much for interior designer?
Hi guys I'm in the middle of a house flip that ended up costing a lot of money because the partner that I'm working with is responsible for picking all the materials and contractors out, as I am remote, but has been...
Deonte Hill
Contractor and Materials Selection
Good morning all,I just had a quick question. How are you guys selecting your contractors and materials to do a rehab. Are you utilizing multiple contractors or one General Contractor? As for materials and the such, a...
Jason Amaya
Greetings and hello from H-Town!
New to the group and wanted to introduce myself. We are the go to contractors that manages and oversees all aspects of your projects. From move in ready homes to apartments and even commercial. We arrange and manage ...
Reagan Barron
Charging a Landlord Management Fee
I’m located in NJ. I’ve been a landlord for a +20 years. My partner is a builder and recently he’s been charging for the repairs through his business. We’ve always had the sweat equity hand shake deal because I do all...
Gary Adams
Real Estate Investor
Hello,
My wife spends over 800 hours a year on our real estate. What are the benefits of her being "Classified" as a full-time investor?