., residency, maximizing deductions, compliance, long-term planning), people here will be able to give you sharper tips or point you to the right kind of professional.

Even a small property teaches a lot about cash flow, tenant management, and financing, which will help when you scale to bigger deals later.If you want, I’d be happy to connect and introduce you to other investors and professionals who’ve gone from small multi-family to larger commercial projects.

Claiming real estate professional status will turn passive losses into active losses for those losses in the year that you claim real estate professional status.However, it will not convert prior passive losses to active.Best of luck

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

Request: I am a newer investor seeking a mentor or individual experienced in foreclosure sales who would be willing to share some knowledge.About me: my name is Elizabeth, I am a newer real estate investor (licensed in CO) and a full-time engineer.

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.

Quote from @John Swift: Seeking a pro membership discountSent you a pm ☺

Having reliable support for things like client communications, research, and social media can be a game-changer, especially when scaling a portfolio or managing multiple deals.I’d love to connect and hear more about how you work with real estate professionals—always open to learning about tools and strategies that make the day-to-day smoother.

We would love to connect with local professionals and talk shop about the Greenville market.

Any referrals for tax professional/ strategist who are familiar with helping in this kind of scenario would be much appreciated.