CPA-turned-agent Dan Mullen introduces Logged RE, a simple way for real estate pros to document material participation, support cost segregation strategies, and stay audit-ready. Clear guidance, organized records, real savings! Track what counts, avoid pitfalls, and plan proactively with confidence.
In this episode, Cheryl Knowlton and Dan Mullen discuss:
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Why Dan built the Logged RE app
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Material participation: rules and documentation
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Real estate professional status requirements
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Cost segregation basics and savings potential
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App pricing, privacy, and future offerings
Key Takeaways:
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Logged RE enables real estate professionals to document material participation accurately and consistently for compliance.
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Thoroughly tracking qualifying hours and evidence strengthens cost segregation strategies and improves readiness for IRS examinations and audits.
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Proactive tax planning consistently outperforms reactive filing approaches.
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Real Estate Professional status demands 750 qualifying hours and that real property activities exceed all other personal employment or business commitments annually.
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Annual subscription is $99 after ten free entries, with no data selling and features like calendar sync, evidence attachments, and audit-ready PDF reports.
"[Logged RE lets you] stay organized, and get to the point where you can invest in your own product. It can do wonders for your tax bill." - Dan Mullen
Check out the Logged RE app HERE: https://apps.apple.com/us/app/logged-re/id6790021868
About the guest, Dan Mullen:
Dan Mullen is a mortgage advisor and a partner at a tax firm, a combination that gives him a unique advantage in helping self-employed clients qualify for mortgages. Because these borrowers are underwritten using tax returns rather than W-2s and paystubs, Dan's deep understanding of tax documentation allows him to navigate the process more effectively. Having seen firsthand the pain and frustration caused by mortgage letter requests, he is on a personal crusade to help tax preparers avoid them and to bridge the gap between mortgage underwriters and tax professionals.
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Connect with Dan Mullen:
Website: https://www.futureandmain.com/
LinkedIn: https://www.linkedin.com/in/danielbmullen/
Connect with Cheryl Knowlton:
Website: www.cherylknows.com
YouTube: https://www.youtube.com/channel/UCwvWKXBC6fKn1dLGY11hxIg
Facebook: https://www.facebook.com/theknowltonteam/
LinkedIn: https://www.linkedin.com/in/cherylknowlton/
Instagram: https://www.instagram.com/cherylknows/
Show Notes by Podcastologist: Hanz Jimuel Alvarez
Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.
