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Results (10,000+)
Adam M. Cost for a Tax Specialist
13 January 2025 | 7 replies
Bigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Jason Mergl Building a Team in Albany Area
14 January 2025 | 21 replies
Bigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Jerry Zigounakis LLC or sCorp for investment properties
21 January 2025 | 7 replies
Use umbrella insurance as an additional safeguard, especially if you opt not to form an LLC.Avoid S-Corp taxation for rentals, as rental income is passive and not subject to self-employment tax.
Mike Sfera When to get a property manager
16 January 2025 | 26 replies
Our owner also hosts a quarterly workshop for investors. 
Danielle B. Out-of-State - Ohio Section 8 Housing
29 January 2025 | 22 replies
Not in all cases but more often then not.Additionally you have to have solid management who is checking on the property at a minimum once per quarter as many times I find these tenant don't always report issues timely.  
Brad Kanouse IRA funds as down payment
22 January 2025 | 21 replies
If you have a self directed IRA there are no tax consequences (but potentially various other issues), otherwise you will be subject to tax at the highest dollar rate as well as penalties if you are under 59.5 
Robert Zajac Managing my manager - how to best approach maintenance requests
21 January 2025 | 10 replies
Regular maintenance updates from your property manager—such as quarterly reports outlining requests, costs, and resolutions—can also help you stay informed and track spending trends over time.Building relationships with local contractors or networking with other investors in Cleveland can also be valuable.
Henry Clark Uruguay- starting deep dive
11 January 2025 | 0 replies
I can or have already looked up citizenship, residency, taxation, crime, inflation, etc.  
Pradeep Varghese Using Fund and Grow along with Plastiq for paying down payment
16 February 2025 | 27 replies
The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).Please keep in mind the multiple loan rules:Under those rules, the sum of the balances of a participant's outstanding 401k loans under a single 401k plan (using the highest outstanding balance of each loan over the last 12 months) can't exceed 50% or $50,000 whichever is less.
Maria Murphy Develop, then sell and/or rent?
12 January 2025 | 2 replies
Would cash-flow very little.Obviously, a combination of the above is possible (pre-sell all but a few units, nullifying the profits, and therefore taxation).My feeling is that the first option would allow me to use profits to build something bigger (e.g., acquire another plot).