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20 December 2024 | 9 replies
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.
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16 December 2024 | 15 replies
You find here on BP tonnes of free RE advice; please save your money for investing in RE.
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19 December 2024 | 6 replies
Both can save time and improve efficiency, depending on how hands-on you want to be.
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18 December 2024 | 25 replies
I think he's about 30 houses away from retiring.
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18 December 2024 | 4 replies
I guess you might save a few hundred dollars.
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21 December 2024 | 14 replies
In the northeast having a second heat source in the rental saved frozen pipes when the electric was out for days.
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19 December 2024 | 4 replies
Guess my thinking was if they can help me save on the funding part and locking in my first deal , it would pay for itself.
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19 December 2024 | 5 replies
Some investors prefer to start saving for these ASAP, while others plan to deal with them when they happen.The unknown is Maintenance costs, which are often dictated by how "hard" a tenant lives in a property.
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17 December 2024 | 12 replies
I applaud you and your wife for thinking about this so early and your apparently great ability to save money for this next step!
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17 December 2024 | 0 replies
When investing in real estate, having multiple exit strategies is key.For a single investment property, make sure the numbers work for both scenarios: 1️) If you decide to sell the home, the deal should produce a solid return. 2️) If you need to rent it out, the rental income should cover expenses and provide a profit.Flexibility is what saves you when things don’t turn out as planned.