Hey guys, I'm looking for someone who specializes in purchasing land and is an expert with land patents.  Looking to grow some chickens and amongst other things lol.  I appreciate it!  

The key with being a professional flipper is not squeezing more juice out of any 1 deal.

Research does not count towards the hours per below link.Research: Many investors who claim to be on real estate professional status research other investment properties to fill in the gaps left by their hourly obligations and day-to-day engagement.

In fact, it is likely to backfire by creating very significant extra hurdles (like double-entry bookkeeping and commingling prevention) and very significant extra costs (professional level bookkeeping and possibly the need to file separate partnerships tax returns).Allegedly, LLCs could enhance your asset protection, but not being  an attorney I cannot comment on it.

You’re now in a deal with multiple partners and operators, which can come with its own set of headaches and communication challenges.And from a tax perspective, here’s where a lot of investors get caught off guard: even if you qualify as a Real Estate Professional (REPS), you generally can’t use losses from syndications to offset your active income in a lot of cases

Seeking advice on what else can be done in this situation. 

Each property provides depreciation benefits that reduce taxable income, and if one of you qualifies as a Real Estate Professional (REPS), you can offset active income with rental losses.

Readers are advised to seek professional advice.

Why Philadelphia is the Next Hotspot for Real Estate Investment: A Case Study of 5000 Florence AvePhiladelphia remains the most affordable major city in the United States, making it an attractive target for investors seeking strong appreciation and cash flow—especially as savvy investors are flocking here from NYC, Boston, and DC.

Readers are advised to seek professional advice.