Daniel Madhavapallil
House Hacking and Tax Strategies
22 January 2025 | 10 replies
Keep detailed records of repairs, improvements, and rental income, and consider working with a CPA specializing in real estate to ensure you're taking full advantage of deductions and strategies like passive losses, home office deductions, or even the Qualified Business Income deduction if applicable.Good luck!
Jonathan Small
DIY or hire help for taxes?
21 January 2025 | 6 replies
A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.
Pat Quaranto
How do I go about finding VA work?
14 January 2025 | 4 replies
You’re going to have to find a specialized function that can’t be farmed out to the Philippines in the $5-$10/hr range.
Javade Jones
Look for 4+ units seller finance
5 January 2025 | 3 replies
Seller financing can be a fantastic way to get into a 4+ unit property, especially in a competitive market like Chicago.Have you started reaching out to owners directly or networking with agents who specialize in multifamily properties?
Sterling Pompey
Investing as a Travel Physical Therapist
9 January 2025 | 2 replies
Are you aware of any lenders that specialize in working with Travel nurses/PTs of the such that we can connect with?
Igor Sinchuk
Hi BP community! I'm your go-to person for Airbnb Revenue Management
6 January 2025 | 1 reply
I started my career working for Marriott in New York and Toronto, specializing in dynamic pricing and maximizing revenue.
Account Closed
L.A. Wildfires and Their Tax Implications for Affected Residents
9 January 2025 | 0 replies
Understanding the IRS disaster relief provisions is crucial for residents seeking financial recovery.Under IRS guidelines, individuals and businesses in areas designated as federally declared disaster zones by FEMA may qualify for special tax relief.
Natasha Rooney
Multifamily Properties in Indianapolis
17 January 2025 | 13 replies
We specialize in managing single-family and multi-family homes, with a portfolio that includes properties in the Indianapolis market.
Mark A. McElhannon
Basic approach to secure financing on an investment property
8 January 2025 | 7 replies
Include a lender in your conversations that specializes in working with investors.
Jordan Meltzer
Where to invest my cashflow?
21 January 2025 | 9 replies
I specialize in these areas, and own a sober living home myself, it is doing really well!