Posts Tagged ‘estate’
Can owning 1 or 2 rental property qualify you as a real estate professional.?
I am planning to buy 2 rental properties, approximately $250,000 total. My wife and I both work full-time. Does owning 2 rental properties qualify either one of us as a real estate professional so that we could get losses on these properties as tax deductions against our personal income.? If not, what can we do about these rental losses (mainly due to depreciation on the property). Thanks in advance.
What are the drawbacks of an exclusive contract on my rental property with a real estate agent?
I have a vacation rental property in Costa Rica and I have received an offer from a real estate agent for exclusive rights to the property for Friday, Saturday, and Sunday. Let me hear any perceived drawbacks anyone can think of.