Michaela T.
Anyone have any accountant recommendations for someone with a W2 & LLC?
23 January 2025 | 6 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 should also 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.
Augusta Owens
Planning my process
9 January 2025 | 5 replies
If you elect to use a VA loan, that typically means you don't plan to put any money down.
Pixel Rogue
Real-estate Exit Plan
20 January 2025 | 6 replies
@Pixel Rogue everyone has different future plans - many though haven't thought that far ahead!
Aaron Fischer
Transition to Inspira Financial Trust from Quest Trust Company
21 January 2025 | 3 replies
Now, my accounts are managed by Inspira Financial Trust.
Stephen Fleming
Newbie Plan.
14 January 2025 | 9 replies
Fine-tuning your savings, building a reserve fund, and running detailed ROI projections will help solidify your plan for long-term success.Good luck!
Ryan Diehl
Refinancing or keep current heloc
20 January 2025 | 3 replies
The question is mostly a personal financial planning question and it depends on your preference and what balance of risk and access you'd like and would be comfortable with.
Drake Backman
Newbie trying to learn the ropes
26 January 2025 | 3 replies
@Drake BackmanBigger Pockets is a great place to find a tax strategist specializing in real estate taxation.A good real estate tax strategist can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding a tax strategist specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your tax strategist remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year.
Kenneth Arafat
1% Rule Questions
16 January 2025 | 2 replies
The 1% rule is best only used as a quick and dirty evaluation used to pick which property you plan on running additonal calculations on.
Owen Reeter
At what point in real estate do you really become financially free?
6 January 2025 | 2 replies
& how you become financially free is by letting whoever your renting to (I'm guessing that was a step also?)
Kegan Scholl
Best market for first house hack to cash flow? FL, TX, AZ, UT, other?
20 January 2025 | 6 replies
Building a strong financial plan, researching markets, assembling a reliable team, and having an exit strategy are essential steps to success.Good luck!