I currently own 2 income properties and closing in on a 3rd. Properties are not owned by a corporation and therefore rental income earned and taxed as personal income. It is my understanding that real estate revenue i...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/659781/small_1621494899-avatar-jeremym71.jpg?twic=v1/output=image&v=2)
So I am looking to partner up with another investor friend on a commercial multi family property. I have done a lot of research on if we need to file SEC paperwork to have another investor for this deal (both of us ha...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/970940/small_1621506540-avatar-williaml142.jpg?twic=v1/output=image&v=2)
So I am starting research into wholesaling and learning a lot about direct mail, etc. the point is I am hearing all of the ways to contact sellers but I don't have a clue on how to find buyers and contact them with de...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1611318/small_1621514151-avatar-joed315.jpg?twic=v1/output=image&v=2)
Just heard back from my tax accountant and I was expecting some good news that we were getting a positive return from owning 6 different rental properties (bought 2 in 2019) but instead he tells me that we're just bre...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/135469/small_1694561652-avatar-ausman.jpg?twic=v1/output=image&v=2)
Could a long term lease could be written as a series of short term leases (less than 30 days), and thus qualify income from the rental as "Active" and thus allow the tax filer to file as a "real estate professional"?
I’m looking to get into real estate whole selling and rental properties. What is the best way to set this up?
Here are a couple of my ideas
A holding company with a management company
Separate llcs for wholesale an...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/625708/small_1621494088-avatar-bkleszynski.jpg?twic=v1/output=image&v=2)
I am from Illinois and I currently own a company to manage properties that I own, but want to start managing properties for others. I understand that I need to have an active Real Estate License to do this. I am not i...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/477727/small_1621478428-avatar-mattc_nc.jpg?twic=v1/output=image&v=2)
Just wondering if there is any active members in the Eastern NC regions? I'm looking to purchase my first investment property within the next 6 months and would love to network with anyone already doing so. I'm curr...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/198044/small_1621432611-avatar-natalierose.jpg?twic=v1/output=image&v=2)
Hey guys, Take everything with a grain of salt as the finalized regs were JUTS released today. Thoughts: 1. The IRS issued a safe harbor of 250 hours to offer some clarification. Meaning spend 250 hours on rentals(s) ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/895603/small_1621505163-avatar-amandag39.jpg?twic=v1/output=image&v=2)
Some members of my REI group have separate LLC's to separate their active work in flipping and wholesaling from their passively held rentals. As a single-member LLC- does this make any difference when they are going t...