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Tom Wheelwright's Articles in Real Estate

  • What Does it Mean to be a Real Estate Professional?
    Let's dispense with one myth: Real Estate Professional status does not mean you have to hold a real estate license. Rather, it is a designation you obtain by meeting certain specific requirements.
  • Two (2) Ways to Take Your Rental Real Estate Losses
    Even if you have strong positive cash flow from your rental real estate, chances are you still have a loss for tax purposes due to the depreciation deduction. This is a great tax strategy because your positive cash flow is sheltered from tax.

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