All Forum Posts by: Teresa Thomas

I was listening to a podcast recently and they talked about this website, RentToRetirement.com. Anyone familiar? Use it? Good idea for first timer into real estate investing?

I was thinking the same. Thank you so much for your thoughts on this, especially as a newbies to real estate investing. Do CPAs work across states? Or best to find one in Madison, WI who knows WI tax laws? 

That makes complete sense. Thank you. I was so confused when she said that to us. 

Thank you all so much. This is really helpful info! I’m so glad I found Bigger pockets. What a great forum for newbies. 

@Bill Hampton ok thank you. She just wasn’t explaining it to me that way.

My husband and I are just starting out in real estate investing, we have done a ton of reading and listening to this podcast. We recently spoke with a CPA who said she has 24 years experience, but doesn’t specialize in real estate, however has a handful of clients who do own investment property. She made this statement: you want to have some properties that are winners and some that are losers when it comes to your taxes, to balance it out.

Is this a valid statement? Wouldn’t we want all of our properties to produce cash flow?

My husband and I are just starting out in real estate investing, we have done a ton of reading and listening to this podcast. We recently spoke with a CPA who said she has 24 years experience, but doesn’t specialize in real estate, however has a handful of clients who do own investment property. She made this statement: you want to have some properties that are winners and some that are losers when it comes to your taxes, to balance it out.

Is this a valid statement? Wouldn’t we want all of our properties to produce cash flow?