All Forum Posts by: Bill Adams

Ashish, that is perfect. I had heard of that earlier this year and forgot to explore it. My CPA did mention you can get a huge multiplier on the easements

Hi all, 

I have income that comes in from the highest tax bracket possible (over $1mm a year). I do have a strong CPA but was curious if anyone has any tips on things to look into that I might be able to do before the year closes. I expect my tax bracket will be a little better next year and I plan on investing in more real estate for bigger write-offs. This year, I'm behind 8-ball as I focused on my company and building. 

I was thinking about prepaying some expenses that will be inevitable, like insurance, maintenance, etc., but outside of prepaying .... any ideas? Cost segregation isn't an option at this point and there wouldn't be enough time to properly value a deal and buy something. 

I do not need a large vehicle for my business. 

I have a $7,500 writeoff I believe I get for our Tesla recently purchased

I am maximizing my SEP plan.

I have 11 properties, all rentals, but only two are 100% mine and my partner would not to accelerate as he is not in the same financial situation as I am. 

Any advice on something to look into would be greatly appreciated! 

Hi all - I am an attorney and would satisfy the broker "2 years experience" just by holding attorney status in my state. So I would not need to take any additional classes or have 2 years of experience. I am looking at becoming an agent from the standpoint of investing - so I have a lot of the benefits that agents have, can look at properties I like quickly, but also use myself as an agent so I can obtain the 3% commission myself when I buy property and saving commission when I sell -- this would not be a full time job, merely part-time. I took the agent practice test and passed by a lot (essentially was questions from my first year property course) so I plan on taking that test next week. 

 Is there anyone who would recommend getting just real estate license over the broker license when I do not have to meet any additional requirements? Just hoping for a little guidance on this. 

I am an attorney and would satisfy the broker "2 years experience" just by holding attorney status in my state. So I would not need to take any additional classes or have 2 years of experience. I am looking at becoming an agent from the standpoint of investing - so I have a lot of the benefits that agents have, can look at properties I like quickly, but also use myself as an agent so I can obtain the 3% commission myself when I buy property. And when I sell property - keeping that commission. I might loop in my family as well and perform their deals but that is it - this would not be a full-time job or anything. Is there anyone who would recommend getting just real estate license over the broker license when I do not have to meet any additional requirements? Just hoping for a little guidance on this and if it is actually an easy decision. 

Thanks, Chad. And I technically would satisfy the broker "2 years experience" just by holding attorney status. I am looking at this mainly from the standpoint of investing - so I have a lot of the benefits that agents have, can look at properties I like quickly, but also use myself as an agent so I can obtain the 3% commission myself when I buy property. And when I sell property - keeping that commission. I might loop in my family as well and perform their deals but that is it - this would not be a full-time job or anything. Is there anyone who would recommend getting just real estate license over the broker license when I do not have to meet any additional requirements? 

Hi All - I am a licensed attorney and live in Missouri. The only requirement I have is to pass the test (the attorney status rids the requirement for hours, online course, etc). I am curious what would be the most cost-efficient way to get the license. I am looking for something online that will provide me strictly with what I need to know for the test in the shortest amount of time and with the least amount of money. I have a good foundation in real estate law and terminology. 

Thanks!