Just sayin’And Real Estate Professional, why not just REP.

I'mAlex, a construction professional with 30+ years of projectmanagement experience (projects ranging from small residential to$4M+ commercial) transitioning into real estate investing.

We’re looking for a tax professional who understands medium-term and short-term rental properties.

If you’ve been in real estate for a while, you’ve probably heard people talk about Real Estate Professional Status (REPS)— but most investors still don’t fully understand what it means or how powerful it can be.Here’s the simple version:If you qualify for REPS, the IRS allows you to treat your rental income and losses as active instead of passive.That means depreciation, cost segregation, and other real estate losses can actually offset your other income — even W-2 income.For full-time investors or spouses who manage their properties, that can mean tens of thousands of dollars in tax savings every single year.To qualify, you need to:- Must materially participate in their rental activities.- Spend over 750 hours a year in real estate activities.- And more than half of your total working time must be in real estate.It’s not for everyone — and you have to document it properly — but for serious investors, it’s one of the most valuable tax tools out there.Most people think wealth in real estate comes from appreciation and cash flow…But the biggest gains often come from how you use the tax code.Curious — have you or your spouse ever tried to qualify for Real Estate Professional Status?

It is worth digging into the details with a professional.

I’m an active real estate investor and operator looking to connect with others in the Tucson market. My portfolio is approximately 1,300 units, made up primarily of single family rental portfolios with some multifamil...

Quote from @Steve Wilson: I'm getting ready to start investing in the Port Huron market in SE Michigan and had a question about depreciation; I spoke with a CPA who told me that unless I'm a Real Estate Professional, I can only use depreciation to reduce the taxable income from my investment property, whereas Real Estate Professionals can use their real estate income to reduce the taxable income from their W2 job as well.

Tampa, FL - several major hospitals, MacDill Air Force Base, professional sports and universities and colleges.

When filing jointly, if one spouse qualifies as a Real Estate Professional and materially participates, the rental activity as a whole can be treated as non-passive for the joint return.

Quote from @Zach Logan: Hi everyone, I am posting in here to hopefully find someone knowledgeable and respected in the tax business for real estate professionals.