All Forum Posts by: Jeff Williams

Hi BP, 

My wife inherited some money from her mom and we are looking to avoid paying taxes on the money next year.  We are both W2 employees (me full time and her part time).  We are considering buying a rental income property this year in order to write off the amount we would have to pay next year.  We are trying to find the questions to the following, but every CPA we talk to gives a different explanation.  

-Would we be able to write off 100% of the amount used to purchase the property using bonus depreciation? (We would use cash).  

-Do we need to purchase the property under and LLC in order to write it off?

-Do Banks allow you to refinance a property thats was bought under and LLC name? In my experience they don't like to lend to LLC's.

If there are any CPA's in the New York Metro area that have extensive experience with real estate and this type of write off we would love to chat. 

Thanks!

Hi BP,

I am digital marketing expert with over 12yrs experience within online advertising industry in NYC. I am offering my expertise while I transition into the Real Estate industry. I have experience with display, mobile, native, social and video advertising. I also have experience with campaigns reaching key performance indicators (KPI's) and other analytic metrics.

I am willing to share all my knowledge with you and can tell you everything you need to know about online advertising and what NOT to do as well.

Look forward to hearing from some of you as I think I can help guide anyone and navigate the digital landscape.

Regards,

Jeff

Hi BP, 

I have been using Listsource.com to pull list but when I come into contact with the homeowners they often own the property free and clear and are not distressed.  

Has anyone else experienced this from Listsource?  Does anyone else have a suggestions on other data sources for homeowners that are in pre-forclosure?  Do I need to pull the list differntly?

Please let me know your thoughts or any suggestions that you have. 

Thanks!

Jeff

Hi BP, 

I am digital marketing expert with over 11yrs experience within online advertising industry in NYC.  I am offering my expertise for a nominal fee as I get up to speed with my transition into the Real Estate industry.  I have experience with display, mobile, native, social and video advertising.  I also have experience with campaigns reaching key performance indicators (KPI's) and other analytic metrics.  

I am willing to share all my knowledge with you and can tell you everything you need to know about online advertising and what NOT to do as well. 

Look forward to hearing from some of you as I think I can help guide anyone and navigate the digital landscape. 

Regards,

Jeff

Hi BP, I am currently looking for a real estate accountant. We are currently looking to working with an accountant who is nickle and diming us and is not an expert in the field. Does anyone have a good accountant that I can reach out to manage our books? I am looking someone based in the nyc area and wouldn’t mind working with a starter. Any suggestions would be greatly appreciated! Thanks! Jeff

Originally posted by @David Weintraub:

What do you think is the problem?

 I think im not getting motivated sellers.  I am targeting a pre-foreclosure list of off list source but I am getting responses from Sellers that are in good standing. 

I use google sheets and forms...There are also plugins that you can use to automate certain functions within the apps to run automatically.  You can find tutorials on youtube on how to set them up.

Originally posted by @Malcolm Darensbourg:

Originally posted by @Jeff Williams:

I built my own system using google drive..most of their applications (apps) work well with each other and I used them so they can update automatically when you plug in information...it's also good if your on the go where you can update from your phone...I built my system using the (free plugins) that you can install for each app...it takes some time to build it out but it's all free if your savy with computers (coding) it's not that hard....if not then you can always use something like Podio or appfollio which I've heard work pretty well.

Hope this helps!

What are some of the apps you mention sir? Thanks for the response!

@Malcomedarensourg I use google sheets and forms...There are also plugins that you can use to automate certain functions within the apps to run automatically 

Welcome James...I was in the same boat as you last year...I'm in NYC in the tech industry too and have been pursuing real estate for financial freedom...would love to connect to share some of my knowledge..just PM me