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All Forum Posts by: Chris McCormack

Chris McCormack has started 3 posts and replied 169 times.

Post: Recommendations for a MARYLAND Tax Professional

Chris McCormackPosted
  • Accountant
  • Edina, MN
  • Posts 172
  • Votes 97

Just shot you a message @Malkia Ra, would love to connect

Post: Tax Consulting; HALL CPA, PROVISION, KEYSTONE ETC

Chris McCormackPosted
  • Accountant
  • Edina, MN
  • Posts 172
  • Votes 97

Happy to chat @Trevor DeSimone

Post: Cost Segregation worth it on a 530k 5 plex

Chris McCormackPosted
  • Accountant
  • Edina, MN
  • Posts 172
  • Votes 97

If you don't qualify for REPS it could be costly. Even then there are strategies to recharacterize income and get the deductions. Are you working with tax planning CPA?

Post: Taxes for a newbie (please share exp/advice)

Chris McCormackPosted
  • Accountant
  • Edina, MN
  • Posts 172
  • Votes 97

You want to make sure you're accountant is doing more than just tax prep. Planning is often more important than prep and can save you thousands in taxes. I would ask about their real estate knowledge and whether they invest in real estate themselves. 

I just sent you a connection request @John Matarazzo I'll gladly share a document with you that will provide information you can use to make sure your accountant knows his or her stuff.

Happy Investing!

Post: Cold Calling Tips - Where to Find Listings

Chris McCormackPosted
  • Accountant
  • Edina, MN
  • Posts 172
  • Votes 97

@Avery Heilbron Love it! Thanks a lot, sent you a connection request. Hope we can meet up soon.

Post: Cold Calling Tips - Where to Find Listings

Chris McCormackPosted
  • Accountant
  • Edina, MN
  • Posts 172
  • Votes 97

Thanks Steve! That works great. 

Post: Cold Calling Tips - Where to Find Listings

Chris McCormackPosted
  • Accountant
  • Edina, MN
  • Posts 172
  • Votes 97

Hey All,

In attempt to increase likelihood of finding a great deal in the hot market, I am looking to begin cold calling. I have heard this discussed many times on the BP podcasts. What is the best way to get a list of people to call? I know we should look for those late on mortgage or tax payments but are there good sites where this information is available?

Thank you in advance for any help and advice.

Chris McCormack (24) - Boston, MA

Post: Local Lenders - NC Triad

Chris McCormackPosted
  • Accountant
  • Edina, MN
  • Posts 172
  • Votes 97

First time real estate investor looking to purchase a BRRRR property in the coming months. Looking to connect with lenders in the NC Triad (Greensboro, Winston-Salem and High Point) willing to lend to out of state investors. Also welcome any tips people may have to finding a reputable lender. Thank you all!

Post: Tips for Finding Good Neighborhoods

Chris McCormackPosted
  • Accountant
  • Edina, MN
  • Posts 172
  • Votes 97

I'm sure most people will respond with reaching out to an agent. I'm wondering if there are places to go before reaching out. I see sites like Neighborhoodscout.com but would love any suggestions people may have.