Commercial Real Estate in Memphis and our Galaxy

Self-Help real estate gurus drive me crazy

There is nothing more frustrating than the hundreds of “experts” on real estate investing. Search YouTube for “real estate” or “real estate investing” and you will find thousands (seriously, THOUSANDS) of people trying to hawk their products for free on YouTube and then convince people to sign up for their wonder program.

Check out this guy… Read more »

February 13, 2008 Posted by Will Hicks | Commercial Real Estate, Real Estate Investing | | 1 Comment

Wall Street Journal: The IRS is watching Real Estate Pros

From today’s WSJ: (subscription required)

Some real-estate professionals say they are being mistaken for sometime investors by the Internal Revenue Service, and that could prohibit them from taking advantage of certain tax and economic benifits.

Consider the case of of David Friedman, a real-estate broker and property owner in Los Angeles. Like many professionals in the business, he not only sells homes to consumers, he also buys and sells undeveloped land and owns single-family homes that he rents out. He says he works every day and has amassed holdings in Southern California and Oklahoma that are valued at $20 million.

Read more »

February 28, 2007 Posted by Will Hicks | Real Estate Investing, Real Estate Tax Issues, The IRS, Wall Street Journal | | No Comments