Understanding Real Estate Professional Status

In this episode, I sit down with Tim Johnson, a real estate consultant who specializes in helping business owners and real estate professionals leverage tax strategies to their advantage. We dive deep into the Real Estate Professional Status (REPS), why most CPAs don’t talk about it, and how business owners—especially contractors and real estate agents—can use it to legally minimize their tax liability.

Tim breaks down who naturally qualifies for REPS, the biggest mistakes people make, and why material participation is the key to passing an IRS audit. We also discuss why most accountants don’t prioritize tax strategies, how real estate can serve as a long-term tax shelter, and practical steps to document material participation without unnecessary hassle.

If you’re a business owner, real estate agent, or contractor looking to unlock massive tax savings, this episode is for you!