The Real Estate Professional Status

Join Sarah Ward, a seasoned real estate agent and investor from San Diego, as she shares her journey from buying her first duplex at 24 to building a successful investment portfolio. She discusses powerful strategies for first-time buyers like house hacking and highlights the importance of distinguishing between cash flow and appreciation. Sarah also explains the benefits of Real Estate Professional Status, including tax advantages for high-income earners, making this a must-listen for anyone looking to create wealth through smart real estate investments.

In this engaging discussion, Ryan Pulice, a Virginia-based tax and accounting expert specializing in real estate tax planning, unpacks the intricacies of Real Estate Professional Status. He clarifies how construction activities can shape your status and the importance of material participation for tax benefits. The episode delves into the complexities of tracking qualifying hours, including travel time and meticulous record-keeping. Ryan also shares legal precedents and practical tips for navigating IRS guidelines, making this a must-listen for real estate professionals.

Join Jeremy Wells, an enrolled agent and CPA running J. Wells CFO in Florida, as he dives into the engaging connection between real estate and the tax code. He sheds light on the substantial tax incentives available to real estate investors and clarifies common misconceptions about tax evasion. Jeremy also discusses the complexities of federal tax law, the importance of selecting the right CPA, and strategic tax optimization for investors. This conversation is a treasure trove of insights for anyone looking to navigate the financial landscape of real estate.

Explore the ins and outs of qualifying for Real Estate Professional Status and how it can significantly reduce your taxes. Learn about the crucial 750-hour work rule that determines eligibility. Discover the benefits of properly managing your real estate investments while maneuvering through essential regulations. It's a valuable guide for anyone looking to enhance their financial strategies through real estate.