Clifford Pereira
Real Estate Professional (REP) Status guidance
22 January 2025 | 0 replies
Hi, my wife and I started an Airbnb in Sacramento, CA, this year and are new to real estate investing. According to our understanding:1) California does not recognize REP status, but we could claim it on our federal t...
Joe S.
Need a professional photographer in San Marcos, Texas
9 January 2025 | 2 replies
I am hoping to find a reasonably priced photographer to take some sharp photos of a Property.
The property is in San Marcos, Texas. That’s a little south of Austin, Texas.
Can somebody make any recommendations or...
Scott Graves
Data Sources for Senior Living Multi-Unit Development Professionals
2 January 2025 | 0 replies
Greetings BP community, I recently joined a national senior care living development team. I'm coming from smaller scale mixed use development and fundraising. I'm data driven and would love to immerse myself in IL, ...
Bruce D. Kowal
🌟 1031 Exchange QI Selection: Relationship & Reputation Deep Dive (Part 3/3
16 January 2025 | 0 replies
By and large, QI's have very high ethical standards, and are sometimes overlooked as the engines of this tax saving tactic.]REPUTATION MARKERS 📊INDUSTRY STANDINGMembership in professional organizationsLeadership roles in FEAEducational contributions to the industryRelationships with major title companiesCLIENT RELATIONSHIPS 👥Testimonials from CPAs and attorneysReferences from title companiesLong-term client relationshipsTransparent fee structuresRELATIONSHIP RED FLAGS 🚩Overly familiar with your realtor/brokerKickback arrangements (illegal!)
Daniel Huang
Help with finding multi-family properties on BP
21 January 2025 | 2 replies
It may be worth having an experienced professional helping you and you could always try to get the seller to pay your agent’s fees.
Victor Yang
Taking a small loss to save on taxes?
19 January 2025 | 7 replies
@Victor Yang To use the rental losses to offset any active income (W2), you'd have meet Real Estate Professional status (which would be difficult to do with a W2 job because you'd have to work more on real estate than any other job to qualify) OR have an AGI of $150K or less.
Jonathan Small
DIY or hire help for taxes?
21 January 2025 | 6 replies
If your friends have a rental they should hire a tax professional.
Cathy Svercl
Rent credits for cleaning & painting by future Tenant
15 January 2025 | 8 replies
I've painted more walls, ceilings and trim work than I could ever count in my lifetime and *I* suck compared to professional painters, and most of my paint jobs could pass for lower-end professional jobs.
Eli Jerman
Taxes for 2024 - First rental property purchases in August 2024
22 January 2025 | 2 replies
Investing in real estate can open the door to many different tax elections as well.A good tax professional can help you collect the information you need, guide you preparing well in advance for year end reporting.
Pat O'Connor
San Diego Property Managers
22 January 2025 | 3 replies
These are professionals with additional training and a stricter code of ethics.