Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Caryn Fischer Tax question with selling a house
22 January 2025 | 4 replies
Consult a CPA or estate attorney to ensure compliance.This post does not create a CPA-Client relationship.
Kris L. Selecting the right agent
26 January 2025 | 12 replies
I've sold over 80 homes personally in the last 30 months and I'm usually within $5k of the appraisal report when I run my CMA for clients.
Max Serpe Starting out with REI in Phoenix
7 February 2025 | 11 replies
Have helped multiple clients maximize their house hacking properties this year as well. 
Josh Dickson How to reduce the maximum amount of income tax for a wealthy individual.
7 February 2025 | 10 replies
High earners should also consider estate planning tools like trusts or Family Limited Partnerships (FLPs) to minimize future tax burdens.Given his income level and tax complexity, consulting a real estate-focused CPA is essential to maximizing deductions and optimizing tax efficiency.This post does not create a CPA-Client relationship.
Richard Benjamin Wilhite How to Find "Cost" Basis for Inherited Land prior to 1031 Exchange?
19 January 2025 | 9 replies
That is subjective though - I just advise my exchange clients to understand that number and understand their exposure.
Chris Shon Do I need a Real Estate Tax Accountant?
28 January 2025 | 20 replies
While not mandatory, a specialized accountant can reduce errors and provide significant tax-saving strategies tailored to your situation.This post does not create a CPA-Client relationship.
Casey Graham 11 Doors, 13% Stabilized Yield, Town of 13,000?
23 January 2025 | 15 replies
Great detailed description of your deals - I wish I got this level of detail from my CFO clients.
John Chapman Reporting loss from a rental property fire and the insurance proceeds
6 February 2025 | 10 replies
However, you can defer taxes under §1033 involuntary conversion if you elect to reinvest the proceeds into a similar rental property within two years (three years if the government condemns the property or threatens to do so, and four years for a principal residence in a federally declared disaster area).To reduce taxable gain, consider:Electing §1033 treatment and reinvesting the full $300K into a new rental property to defer taxes completely.Partial reinvestment, where only the portion not reinvested is taxable.Properly documenting all replacement costs and property details to ensure IRS compliance.Using cost segregation on the new property to accelerate depreciation and offset future taxable income.Since the §1033 election must be made, consult a tax professional to ensure compliance and maximize deferral benefits.This post does not create a CPA-Client relationship.
Mark Forest Matt Scott
20 January 2025 | 9 replies
I have been told by several of my clients that it was is one of the most professional and informational offerings that they had ever seen.Matt is like a mentor or a coach all the way through the process.
Mike Sfera When to get a property manager
16 January 2025 | 26 replies
Some people are growth-minded, which means they are willing to help for a low cost, or not much compensation knowing that the more conversations they have will lead to more clients.