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Updated over 3 years ago on . Most recent reply

User Stats

96
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19
Votes
Catherine Javier
  • Investor
19
Votes |
96
Posts

Real Estate Professional

Catherine Javier
  • Investor
Posted

Good day everyone! Newbie here, trying to explore being a Real Estate Professional.

My spouse and I recently closed on a rental property in FL, it needs rehab. Both of us are Travel Nurses. My spouse just finished her contact and will be going back to FL to manage the contractors and buy new appliances while I stay in WA and continue being a Travel RN.

My question is, if she will work on a contract position (36 hours a week) and maybe do it for 3-4 mos, can she qualify as a Real Estate Professional if she's work 36 hrs a week, and say she will successfully satisfy the statutory test  (>750 hrs  &  > 50 % of her time)

Thank you so much!

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