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All Forum Posts by: Bill Hampton

Bill Hampton has started 37 posts and replied 2076 times.

Post: Best way to take advantage of tax losses when you make over 150.

Bill Hampton
Tax & Financial Services
Pro Member
Posted
  • Tax Strategist, Financial Planner and Real Estate Investor
  • Atlanta, GA
  • Posts 2,225
  • Votes 831

@Johnny Smith

There are other ways to reduce your taxes besides real estate.

I recommend finding a tax strategist who specializes in real estate taxation, financial planning and tax planning.

You may want to consider working with your accountant remotely to expand your options.

I would also recommend looking for a accountant willing to work with you throughout the year. You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.

Good luck. 

Post: Thoughts on PadSplit

Bill Hampton
Tax & Financial Services
Pro Member
Posted
  • Tax Strategist, Financial Planner and Real Estate Investor
  • Atlanta, GA
  • Posts 2,225
  • Votes 831

@Tar-U-Way Bright

Be careful with Padsplit. 

Padsplit residents can cause problems with neighbors and other residents because many have substance abuse and/or criminal histories.

If your padsplit residents have vehicles that can cause parking issues. If they don't have vehicles your property will have to be near bus lines or Marta.

Also, Padsplit will want you to eliminate any dining room, den, etc to add more bedrooms. 

Once you do this conversion it will be difficult to change it back to a traditional long-term rental. 

If you decide to sell it after a Padsplit conversion, you can't sell to traditional homebuyers or long-term rental landlords. You can only sell it to landlords using the rent by room strategy. This could lower your resale value. 

You might be better off doing it yourself without Padsplit. 

Good luck. 

Post: Cost segregation recommendations for Birmingham, AL

Bill Hampton
Tax & Financial Services
Pro Member
Posted
  • Tax Strategist, Financial Planner and Real Estate Investor
  • Atlanta, GA
  • Posts 2,225
  • Votes 831

@Joshua Wei

I know a great firm for cost segregations. They provide free estimates and work with your accountant. You should speak with your accountant first to make sure a cost segregation will benefit you. Send me a message for a cost segregation recommendation. 

Post: New to Real Estate – Focused on BRRRR & Rentals for International Investors

Bill Hampton
Tax & Financial Services
Pro Member
Posted
  • Tax Strategist, Financial Planner and Real Estate Investor
  • Atlanta, GA
  • Posts 2,225
  • Votes 831

@Raquel Wilson

Welcome to Bigger Pockets. Bigger Pockets is a great place for learning and making connections. I'm in the Atlanta area. Let me know if I can be of assistance. 

Good luck. 

Post: New Member in NJ

Bill Hampton
Tax & Financial Services
Pro Member
Posted
  • Tax Strategist, Financial Planner and Real Estate Investor
  • Atlanta, GA
  • Posts 2,225
  • Votes 831

@Terrance Brewer

Welcome to Bigger Pockets. 

Post: Contractors around the Atlanta area

Bill Hampton
Tax & Financial Services
Pro Member
Posted
  • Tax Strategist, Financial Planner and Real Estate Investor
  • Atlanta, GA
  • Posts 2,225
  • Votes 831

@Andre Jones

Call John Conwell at 678-524-8231. He has done great work on my properties. He doesn't have a website. 

Post: Cost Segregation Study recommendations

Bill Hampton
Tax & Financial Services
Pro Member
Posted
  • Tax Strategist, Financial Planner and Real Estate Investor
  • Atlanta, GA
  • Posts 2,225
  • Votes 831

@Bradley Hendrix

I know a great firm for cost segregations. They provide free estimates and work with your accountant. Send me a message. 

Post: House Hack Newbie in Oregon

Bill Hampton
Tax & Financial Services
Pro Member
Posted
  • Tax Strategist, Financial Planner and Real Estate Investor
  • Atlanta, GA
  • Posts 2,225
  • Votes 831

Welcome to Bigger Pockets. 

Post: New Member From New Jersey

Bill Hampton
Tax & Financial Services
Pro Member
Posted
  • Tax Strategist, Financial Planner and Real Estate Investor
  • Atlanta, GA
  • Posts 2,225
  • Votes 831

Welcome to Bigger Pockets. 

Post: Excited to Join the Community

Bill Hampton
Tax & Financial Services
Pro Member
Posted
  • Tax Strategist, Financial Planner and Real Estate Investor
  • Atlanta, GA
  • Posts 2,225
  • Votes 831

Welcome to Bigger Pockets.