It is worth digging into the details with a professional.

Am interested in a copy of a professional log book as well...thank you...

Do not try to qualify as a real estate professional with a w2.

My wife is a stay-at-home mom but handles leasing, tenant issues, repairs—basically runs the rentals.We’re exploring if she can qualify for Real Estate Professional Status to offset my W2 income.

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.

Proper planning can also improve your negotiating position in legal disputes and potentially lead to more favorable outcomes.To navigate these areas effectively, I strongly recommend working with qualified professionals, including a knowledgeable tax advisor who understands real estate and a seasoned asset protection attorney familiar with your specific goals and risk profile.

Hello BP family! I wanted to post a screenshot of the real estate time log we have made available for clients. We try to keep it simple, and provide examples in the guide for people that are not sure what counts and w...

The IRS only allows hours that are directly tied to real estate activities—like developing, managing, acquiring, leasing, or operating rental properties—to count toward Real Estate Professional Status (REPS).

Not all of your hours will count toward Real Estate Professional status.

Good morning allIm Looking to connect with mortgage professionals and lenders!