
17 May 2024 | 11 replies
The current hire will cost 10x as much but she'll save me an estimated $30,000 in taxes so she's paying for herself three times over.That is a huge amount of tax savings on an annual basis.It may be helpful to the BP community to share what your new CPA is doing that your prior CPA was not doing.With that amount of tax savings, you may want to have her look at the prior tax returns filed and if there are rooms for amendinging them and capturing the added taxes paid.

21 May 2024 | 138 replies
I want to establish a solo 401k prior to filing taxes.

17 May 2024 | 10 replies
The only money ever requested up front prior to closing is for the appraisal.

16 May 2024 | 3 replies
Send a tenant notice letter signed by the seller at closing, this will instruct the tenants to pay a new way and that their lease is assigned to the new LLC.We can help form your structure!

17 May 2024 | 4 replies
Mine says 60 days prior to end of lease.

17 May 2024 | 2 replies
The wholesaler who has the portfolio has all of the properties tied to one contract, and due to some prior legal disputes, this contract is actually 3 years old and just received a judicial order allowing the buyer to proceed to closing.

18 May 2024 | 19 replies
I am using a property I own free and clear to pull out a cash out refi.Yes, secure any credit you will need prior to terminating.

16 May 2024 | 2 replies
They have good how to instructions that cover all the details.

17 May 2024 | 7 replies
But if they converted to investment anytime prior to today they are outside the 5 year look back and would have to 1031 if they want to sell and not pay tax.I just saw the end of summer comment buried in the commentary.

16 May 2024 | 4 replies
As my avg rental period is <8 days, and I have <14 days personal use at the property and believe I can meet the material participation test, this should be a non-passive activity.Specific Questions on Material Participation:1) Do hours logged for material participation in 2022 include time prior to placing the property in service (i.e. first half of 2022)?