All Forum Posts by: Landon Mizuguchi

There's a BP tax professional directory - this might also be a great place to look for CPA.

I have 2 LLCs and recently split portfolio with business partner and setup my own LLC. We were originally using Quickbooks, but when I setup my own portfolio with new LLC I looked at both Digb and Stessa since Quickbooks wasn't focused on real estate and was tough to work across multipl properties. I went with Digb because they support rental taxes better. Stessa seems to have focused on property management and is missing features for my LLC.

Andrew Carlon I agree with Abel Curiel you need a platform that REI focused and set out of the box for real estate investors: Stessa, Digb, Quickbooks are all apps that are great for helping real estate investors get visibility of their portfolios and manage income, expenses, and taxes.

Ashish Acharya thanks for your quick reply.

I have 6 rentals that I and my investment partner bought through LLC (50/50), in 2019, for around $1m, before COVID. We're now planning to split the properties (3 each) and go our own separate ways. Over the last 4 years, the value of the portfolio has appreciated to $3m (thanks to the pandemic!).

If we each get our own Single Member LLCs and transfer the properties out. Will we need to pay taxes on the $2m appreciated value ($3m - $1 purchase price)