All Forum Posts by: Iman Janahmadi

Thank you Salim for your advice. 

What do you think would be the best option to be considered as professional real estate if we would have LTR in other states?

Hi,
I'm looking to connect with a real estate network in the Naperville area. If you're aware of any upcoming events or local groups, I’d greatly appreciate the information.

Thank you

Hello

My spouse and I are exploring the idea of purchasing a short-term rental property, primarily for the tax advantages. We currently own a couple of long-term rentals, but due to income limitations, we’re unable to use those losses to offset our W-2 income.

We’ve read that under certain conditions, actively managing a short-term rental might help us qualify as real estate professionals, allowing us to treat the losses as non-passive and use them to offset W-2 income.

Do you have experience with this strategy? We’d really appreciate any guidance or insights you can share—especially around whether adding a short-term rental can help us meet the real estate professional requirements from a tax standpoint.

Thank you!