All Forum Posts by: Janet Behm

Carlos, 

Check out lawyers.com and search for HOA.

Here are three that seemed like possibilities. 

1. : Located in San Antonio, this law firm serves people and businesses in various areas including Real Estate Law.
2. : Based in Dallas, they offer services in Real Estate and Business Disputes among others.
3. : This law firm has been serving Waco and Central Texas since 1925.

For a DEEPER DIVE, go to the States Legislative Register and find out who proposed the law changes. Bet you it is a law firm that will make lots of money from the new legislation.

Malissa,

The County Assessor is not likely a fool.

Also, when it is discovered, by the County, the building inspector may determine that your property it is not habitable because there were no inspections of the work as it progressed.

Think it over...

Jay, 

EVERY REIs circumstances are different. I am not advising you.

I suspect you did not consult with your tax pro when you set up our LLC taxed as an S-Corp.

I highly encourage you to make that contact!

If you don't have a RE knowledgeable tax pro, I do advise you to look in your locale for a Certified Tax Coach. These folks use RE as their primary vehicle for tax strategy.

Chris, 

Usually your bank or Credit Union, will have someone who handles 1031-Exchanges. That is a good place to start. 

Also, check with your RE team to find who they are using, such as your title company. A recommendation from a trusted advisor will put your on the right track. 

Tam,

You are already running behind. 

Do a search in your area for a "Certified Tax Coach".

These folks specialize in tax strategies for REIs.

Joe,

You are asking the wrong question.

The Question is Who Can be the most Valuable in finding the tax savings?

I recommend you do a search your area of Arizona for a "Certified Tax Coach." They specialize in real estate strategies. 

James,

HOA fees are relative....usually. Typically the board adjusts the fees to reflect current maintenance and the future needs. Asphalt parking lots and "Dutch Lap" shingles are a huge and predictable expense.

Many states require an engineering study, to determine the useful life of elements of the project. They will have a pretty good idea about when the shingles will need to be replaced. With that study, naive board members can make informed decisions on behalf of the community.

I'd say the more important issue is who is on the board and do they have business experience. A poor board can ruin the value of your investment. Regardless of how high the fees seem to be.

Brad, Thanks for the supportive comments!

Not interested right now. I've noted your offer...we'll see how the future unfolds...

Chris,

Very comprehensive!

Your post represents the heart of BiggerPockets, the tide rises all boats.

Eric, 

Do an internet search for "Certified Tax Coach." The national registry is a dot org site. 

These folks specialize in tax strategies using real estate as their primary focus. Most States have several choices. Most big cities have multiple choices. 

They will insist that you have a small business...that is where the magic happens. The Feds love small business, so lots of tax strategies there too.

Good Luck!