The license alone isn’t enough, you still need to materially participate in rental operations and meet the 750-hour and >50% rules.However, if you use your license actively (e.g., as an agent earning commissions), you can deduct related business expenses like licensing, education, MLS dues, and mileage on your Schedule C.If you want to be actively involved in real estate beyond just owning rentals, especially on the agent side, a license can be a good investment.

What markets in the US are you choosing that allow for cash flowing properties using the BRRRR method

It should outline:Capital contributions and responsibilitiesProfit/loss and tax benefit allocationsDecision-making authorityWhat happens if one partner wants outIf you’d like, we can provide you with an LLC Operating Agreement template customized for real estate partnerships, so you don’t have to start from scratch.Setting this up the right way builds a solid foundation for future scaling, protects your personal relationship, and ensures the IRS recognizes both of you as active business participants with tax benefits to match.

A lot of new investors chase “off-market” deals thinking they’re getting some unfair edge, but the reality is you’ll often spend more time—and ultimately money—trying to land one of these than just going after a solid listed deal.If capital is tight, I’d argue your time may be better spent earning and saving such as a side hustling, working in RE as an agent or assistant so you can eventually participate in more conventional deals.

Interested in multi family acquisitions LP/GP

This is a single family home converted to a two family home with one unit down, one upstairs. 

Instead of traditional risk transfer and interest-based investments, participants contribute to a shared pool designed to help those in need.

They buck the passive rules for 469, and are considered active.BUT - As with any other business, to deduct the losses the owner must materially participate.Material participation is achieved by:1.

BP Community, I am working on getting an apartment building in NYC under contract and work like your advice/guidance. New York city has always been a place I've wanted to invest (who hasn't wanted property in the city...

She is thrilled in her new place and her family is relieved that mom is in a community with help just a few feet away.