I have recently stumbled upon a property, which seem to be abandon and has gone through fire damage. Now i have done the due diligence of trying to track down the homeowner which in the title search seem as if they mi...

I’m forming my LLC, and I’m looking for advice on how to make sure I’m legally protected. Is a LLC the best type of corporation to form? Also, I want some advice on who to bank with and which kind of account I would n...

Hello,If you’re qualifying as a real estate professional based on managing apartments that you own, can you count hours spent doing due diligence on future properties? For example activities such as searching for futu...

Can anyone provide insight into the correlation between the time spent learning and the length of time it takes to initiate one's first successful real estate deal?

Hello, I'm an investor/realtor in Central Arkansas.  I'm having a hard time finding hard money lenders and/or financial backers for my flips willing to lend in Arkansas.   I'm looking to do business with someone who i...

What are the general tests for material participation? This question comes up all the time. As tax professionals, we want to get the word out for those considering a real estate professional designation.

Ok. Here we ...

Hello everyone,Let me start by saying how enthused I am to join the bigger pockets community! My name is Massimo, I'm 24 years old and live in Valdosta GA. I'm a very determined individual that believes the harder I w...

This is an interesting business model which just popped into my head while reading "Das Kapital" from Karl Marx. Influenced by talks from Richard Wolff who is an advocate of worker cooperation based businesses.   This...

I formed 2 llcs in 2019. One is for me a partner with a multi family and the other is for me and another partner for a single family. My question is, for tax purposes do we need to do anything else other than just dec...

It makes sense to want depreciation to offset ordinary income.
Here's the kicker:You need to establish that you are real estate professional. Then you establish material participation.There are two tests to a real es...