All Forum Posts by: Francis D'Aurora

Asking for a friend? 🤫 Since he doesn’t have a CPA yet, he asked me to post here. Where are my RE CPAs at? How crazy is this idea? Could this work? My friend works for a company that pays him an allowance for the use of a personal vehicle for work related activities. My friend also gets reimbursed for fuel on said work errands at half the federal mileage rate. My friend also just formed a single member, home-based, LLC and wants to upgrade to a new vehicle. Can both companies “pay” for the vehicle in this situation below? Could my friend purchase the new vehicle registered to the LLC while taking the allowance from the “day job” to make the finance payments? Could the “day job” errands be expensed on taxes? Could my friend also slap on a couple magnets with ads for the LLC and expense the miles driven from/to the LLC home office to/from the “day job” as mobile advertising? I’ve already told him to get a CPA. LOL.

Phineas Howie Use the comps feature in Zillow and select only comparable that sold recently in your area. Like others, I wouldn't trust the Zestimate, but their listing of houses sold and settlement prices is accurate for comparisons. You'll have to do the side-by-side yourself, especially if you want more detail printed than what's provided by the Zillow comp tool summary.

Hello, BP Community! My name is Francis and I'm new to real estate investing and Bigger Pockets. I've been on BP for almost 3 weeks actually. I got the pro membership after watching some of the webinars and finally completed my profile and worked out the direction I want to head in with REI. I'm here to learn as much as I can from a community of like minded people with the hopes of gaining financial freedom through flipping first and eventually buying rental properties. I graduated from Penn State as a Civil Engineer and have had management positions with several large construction companies since then. It's long and hard work that keeps me away from family and the things that I love to do. My hope is that I can slowly build my REI resume and skill set so that I can leave my current job in 5 years or so and really build wealth that allows me the freedom to use my time for my family, others and myself. So, all that being said, thank you for welcoming me into the fold and I look forward to starting on my journey towards financial freedoms through real estate investing!