I only have 2 investment properties and considering tax advantages, is it worth becoming a licensed real estate agent? I’m doing some research it seems becoming an agent (not my full time profession) can allow for higher deductions.
Outside of networking, access to MLS etc any investors out here make that leap and found a difference in deductions?
Honestly, I haven't found it to be too big of an advantage being licensed. But I also invest out of state. MLS acess really is the biggest advantage I have found in state. Tax deductions are pretty negligible I would say. It's a lot of hours to get licensed and you don't use nearly anything you learn for the test. It doesn't hurt, but if your just looking for deductions I'd say keep looking lol.