All Forum Posts by: Jeremy Medina

Hi there BP family!

Looking for some advice. Towards the end of last year I used the BP tax pro finder and began working with a tax pro in January to file 2023 taxes and go over tax strategy. I’m just starting my RE journey so I know my taxes aren’t very complicated, but still I wanted to use a professional and invest in proper tax planning from the start. In early march I submitted all the documents they needed from me expecting some follow-up. Then in April, I was notified that my taxes would be extended but that I should expect them to be filed soon. In May, I reached out for an update and to see if anything else was needed from me, but no response. In June, I reached out again and then got a response saying they weren’t sure why my return was not submitted but would be looking into it. I know the easy answer here is to find a new tax pro, but is there anyway to check if my taxes were filed? Would I be responsible for late submission fees? Can anyone recommend a tax pro to help me? What would you do in my situation?

I've heard of some contractors who - instead of turning down a project - will purposely "outprice" themselves out of a project. Especially if they are flooded with work or could make a better profit working on other projects during that time. With that said, I wouldn't automatically see it as a red flag because it does take up resources to give accurate bids. Just like with the other aspects of real estate, gotta do your due diligence with contractors. Good luck with your project!

I was always hopeful to find a simple framework or calculator to do this exact thing. I soon realized that the best way is to just get multiple estimates. Find a few GC's local to the market you're interested in. Ideally, and if you are comfortable with it, find and vet local subcontractors yourself to get bids. After you do this a few times, you really start to get general ideas of how much certain projects will cost. If you need plumbing estimates in SA, we are a small family/Verteran-owned/operated plumbing business. We do everything, gut-job remodels, new construction, and lots of service repairs for property management companies.

Hi there, I am local to the San Antonio area, a big fan of BP, and an investor here as well. I am also a plumbing subcontractor. I enjoy how the work takes me to different places around the city. What kind of leg work are you looking for? 

Thank you all so much for your responses, I truly appreciate the insight of people who have been doing this as I start my REI journey. It's tough to say what I will do for sure, but these were all extremely helpful in helping me decide.

I am closing a deal on a SFH that has an attached ADU. I am not sure yet but I am thinking LTR for the main portion and perhaps MTR/STR for the ADU. It is not separately metered and right now I don't see adding a meter as an option (cost/not zoned for MF). It seems leaving the utilities in my name and charging tenants on top of the rent is the easiest, but not the most passive. The home has gas utilities but I plan to replace gas fixtures with electric. How would you manage water/electric utilities in a 2-unit with no separate meters?

Hello BP family! Since finding Bigger Pockets, I have been on a mission to learning as much as I can and growing my real estate business. With that said, I’d love the opportunity to leverage my skills as a plumbing subcontractor with other investors like myself.

If you are in need of any plumbing services in and around the San Antonio area, please feel free to shoot me a DM. We are a veteran owned small business with licensed and insured plumbing professionals.

Having over 28 years of experience, we do everything from small service calls to new construction and major renovations. Our low overhead allow you to receive quality service at competitive prices that boost your bottom line.

In addition to that, I can provide boots on the ground services for out of town investors or anyone needing local support. Thanks for taking the time to read and feel free to message me with any questions or quote inquiries. I look forward to working with you!

Hey BP family! I wanted to find a mentor to help me realize my goals in REI. I own 1 SFH that I rent out near Houston. I want to start scaling by possibly utilizing VA loan but am open to other ideas. I work as a plumbing contractor in San Antonio and I love to drive around neighborhoods between jobs looking at potential properties. I earned my project management certification last year. I can add value by doing plumbing jobs or boots on the ground type things. I really enjoy crunching the numbers and using the BP calculators! Thanks!

Hi, BP community!

Looking for advice on tax strategy to take advantage of all the benefits of real estate. I leased my first property in August and just want some help on how to best prepare for my new endeavor as a REI. I have the bug and I want to keep building my portfolio. Don't know what I don't know, so thanks in advance!

Thanks so much Bruce for such an in-depth response! I really appreciate your time and thoughtfulness. It makes a whole lot of sense what you are saying and you have given me a few actionable items I’m going to get started on right away. Thank you!!