All Forum Posts by: Janet Behm

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!

Christi Canden,

Internet search for "Certified Tax Coach." 

These folks specialize in tax strategies using real estate.

Good Luck!

TJ,

You will benefit from associating with other investors who have some experience in these areas.
I applaud your enthusiasm!!!

Find a local chapter of the National Real Estate investors Association. (Nat REIA, pronounced REE uh). Do an internet search.

Talk to investors who have experience flipping out-of-state, etc. It will open your eyes, and guide you in due diligence. 

AJ,

Check the internet for a local "Certified Tax Coach" or "Certified Tax Planner."

They specialize in Real Estate as the vehicle for tax strategies.

Sondra,

Every investor's circumstances are different. You want someone who is an investor themselves.

Ask them to review your documents and advise you on the best entity (Partnership, Limited Lability Company (which kind), or Corporation, will give you the best tax advantage.

Then see where the conversation goes.  This should get the advisor rolling and asking you clarifying questions. If they are not asking you questions at this point, they may not be as proactive as you desire.

Barry, 

You can take control of this, by doing it yourself.

Contact your county assessor to find out when and how you can appeal.

Get a RE Broker Buddy to write a Broker Price Opinion (BPO). Take that along with the comps the Broker ran with you to the hearing.

Or, for more impact, have an appraisal.

Unless you are already making more than $230,500 in your real estate investing...it is probably worth your time (and the experience of successfully negotiating a  huge savings with the county).

Good Luck!