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All Forum Posts by: Aaron Zimmerman

Aaron Zimmerman has started 12 posts and replied 537 times.

Post: First eviction in Chicago

Aaron Zimmerman
Posted
  • Accountant
  • Chicago, IL
  • Posts 549
  • Votes 274

Bill - you can make them sign the CDC/Illinois declaration. They have to meet certain conditions of this and if they lie, this would be favorable. I don't think I can attach documents but you should be able to find it if you use Google. 

Post: Tax filing k-1 costs

Aaron Zimmerman
Posted
  • Accountant
  • Chicago, IL
  • Posts 549
  • Votes 274

First year engagements are always tough to price. Do you think you could reach out to your current CPA and get some costs hammered down on a more flat fee basis to see if you can get it for lower?

Post: Best Chicago Suburbs to Invest in Multifamily properties

Aaron Zimmerman
Posted
  • Accountant
  • Chicago, IL
  • Posts 549
  • Votes 274

I have a couple friends that invest in Berwyn. It's a good market from what they've told me. 

Post: GC in Chicago for 203K

Aaron Zimmerman
Posted
  • Accountant
  • Chicago, IL
  • Posts 549
  • Votes 274

Hi Charise. I can give you a referral for one of my friend's contractors in the Chicago area. 

Post: Appreciation and Long Term Investing Illinois vs Washington state

Aaron Zimmerman
Posted
  • Accountant
  • Chicago, IL
  • Posts 549
  • Votes 274

Perhaps you could do a house in IL on a duplex, triplex, fourplex and then when you move, do the same thing in Washington state. That'd be the lowest cost way with the best financing. You'd qualify for both under FHA assuming one year a part.

Post: New Member Introduction

Aaron Zimmerman
Posted
  • Accountant
  • Chicago, IL
  • Posts 549
  • Votes 274

Welcome to BP. Feel free to PM for any information about Chicago. If you're interested in the Chicago market, I'd highly recommend listening to the straight up Chicago Investor podcast. It's a fantastic resource. 

Post: Tax Strategy for newbie investors

Aaron Zimmerman
Posted
  • Accountant
  • Chicago, IL
  • Posts 549
  • Votes 274

I would either keep great records in excel or get an accounting software packaging that can compile reports that will be easy for your CPA to use. What I do (for my two properties) is just google sheets and keep all receipts in a monthly google drive folder. It's simple and straightforward. However, I do prepare my own taxes and am a CPA, so what works for me may not work for others. 

Post: Trying to find a CPA who is real estate friend in the kalamazoo

Aaron Zimmerman
Posted
  • Accountant
  • Chicago, IL
  • Posts 549
  • Votes 274

Agreed with what Bill said. There's plenty of CPAs that work remotely. It's most important (and highest value) to save money on federal taxes

Post: Actionable Steps to Getting My First Deal

Aaron Zimmerman
Posted
  • Accountant
  • Chicago, IL
  • Posts 549
  • Votes 274

I think you have a great list of items to do. However, to make it more actionable for you, you should assign due dates to them. I'd listen to the BP episode from this weekend as it touches on this. Overall, great list!

Post: Rent To Retirement Experiences

Aaron Zimmerman
Posted
  • Accountant
  • Chicago, IL
  • Posts 549
  • Votes 274

@Kim Hoey don't know if you saw this thread but I know you were talking about them