Meanwhile, 'hybrid investor-agents' (brokers who actively invest in real estate themselves) lack professional tools to efficiently manage both their personal portfolio and investor clients - which limits their ability to truly understand and serve investor needs at scale."

These can make a huge difference in how much of your rental income and even your W-2 or business income you can offset with property losses and deductions while house hacking your duplex.Good luck, and if you’d like to chat about how to set this up for maximum tax efficiency, we’d be happy to connect.This post does not create a CPA-client relationship.

My husband and I own/manage a few LTRs and MTRs in Texas and we are thinking I might qualify for Real Estate Professional Status in 2024 with all the hours I put into our properties (and growing properties :)).We have spoken to our CPA about requirements but I am feeling a little overwhelmed at how to log these hours in an efficient, accessible and manageable way. 

The question is, how efficient you want your closing rate to be - 1 deal per 10 leads or 2 deal per 100 leads.

Some new investors say it helped them land their first deals and generate leads more efficiently, while others feel free resources like BiggerPockets can offer similar guidance without the cost.

Extended period = no accepted owner-occupant offer.Yep, you’re right.

If a CPA charges $3,000 but helps you unlock far greater tax savings or structure your strategy more efficiently, then the question shouldn’t be “why is it more expensive,” but “what kind of return am I getting for that investment?”

Keep detailed records of all materials, labor, and contractor invoices.Trusted Team: Even before making an offer, having a CPA who specializes in real estate investors review your numbers can help structure deals efficiently and anticipate tax implications.

We provide documentation that they paid on time, when they have paid on time.This is all done by text, which is efficient and gives us documentation on what went on.

Is there at least a chance that a contractor exists somewhere, somehow that operates with an efficiency to give them enhanced business capabilities, i.e. the capability to provide accurate estimates for under-contract properties?