All Forum Posts by: Jeff Davis

Hi everyone!

😁 Your Name: Jeff Davis

🧠 What would you consider your area of expertise: inside real estate my area of focus is value-add multifamily, outside of real estate I have expertise in marketing strategy

🙌 What are you most looking to get out of BPCON 2024: Improving my deal analysis skills, connecting with more experienced real estate investors to gain insight and wisdom, and building a community of other like-minded people. 

🤝 Fill in the blank: If I could make a great connection with someone who is an expert in deal analysis at BPCON2024 then I would leave BPCON happy

🗓️ What session are you most looking forward to? How to find and underwrite buy and hold properties

If you'd like to connect at or after BPCon, feel free to shoot me an inbox message - https://www.biggerpockets.com/users/jeffd308

Very helpful, @Conrad Legé. Will take that route to hopefully resolve the renewal. Thanks for the help and being willing to answer any additional questions. 

Hey all! 

Has anyone else had an issue with renewing their Airbnb registration with the city of Chicago on a multifamily property? We live in a 2-unit multifamily (our primary residence) and the city is giving us the run around on renewing our registration because our documentation doesn't have the unit number of the apartment that we converted into an Airbnb even though we own and live in the property. The reasoning is they say that the registration is based on unit number not ownership of the building - which I do not understand at all. 

Looking to see if anyone else has encountered this issue and how they went about resolving it. 

Thanks for any help folks can offer!

 Ok. This helps add some clarity to how we should be thinking about the cost seg route. 

 Sounds good,@Charles Tarantino. Thanks for the added perspective. 

 Thanks, Michael! This content is indeed helpful in us thinking through our situation. 

Thanks @Bonnie Griffin Kaake. Helpful info. When you say "no cost" cost segregation can you tell me a bit more? I thought these sorts of reports where expensive to conduct and that I need to weigh the tax benefit versus the cost. Am I missing something?

Hey community - 

Struggling with when we need to bring on a CPA who is REI-focused. Our current CPA has done our taxes for several years (W2 and small business income) and we believe they've done a good job. We purchased our first REI this year which was a 2-unit MF and we turned one of the units into a STR. We are trying to determine if we need to go with a new CPA that has deeper REI experience and we want someone to give us advice on the best strategy to reduce our tax liability - specifically things like material participation as we are doing all the work for the STR.

Any advice on when/if we need to pivot to a REI-focused CPA? Any help would be greatly appreciated as we start our investment journey. Thanks!

Good to know @Kyle Parks!

Thanks @David Orr for the additional information and guidance. This will be helpful as we try to figure out what’s best for our situation.