All Forum Posts by: Jay C.

Depends on what you mean by a lot of money. 5M vs 500M vs 1B are all different strategies.

@Dominick Austria Thanks Dominick!!!!

@Dominick Austria Ah ok thanks for the info. How about real estate agent duties. Showing houses and buyer agent duties?

@Dominick Austria Thanks for your response Dominick! My wife will be committing full time to real estate so that part satisfied. So if she created her own real estate company LLC would the marketing/copywriting count if facilitating buying and selling of real estate for us and others?

Has anyone used housing marketing/copywriting to fulfill some or all of the 750 hour requirements?  

Hi all in the BP community! I was wondering for those of you who utilize the real estate professional status for tax purposes what are ways you qualify for the 750 hours besides property management. Curious to hear unique and creative ideas. My wife (former writer and editor) and I are planning to invest in the bay area and likely won't have enough property to manage to qualify purely on management alone. We both have our CA real estate licenses as of recent. An idea we have considered is copywriting for a real estate company for marketing purposes. 

Sell now and get 200k tax free profit which is awesome return on initial purchase. How much did your area take a hit in the last downturn? When the market cools will renters choose your home or the home with the better school district you currently seek. These are the questions you should think about and come to a decision that seems most reasonable. Best of luck

I had a similar question. Can one purchase a rental property with a child (4 year old) and use some of the earned income to fund a kid Roth IRA?