Ricardo Garcia
Truebooks CPA - Feedback
9 January 2025 | 46 replies
We can only hope future clients get their expected return.
Victor Yang
if i gift a house, is the cost basis what i purchased it for or the FMV?
24 January 2025 | 8 replies
Splitting the gift across multiple years may reduce immediate tax reporting but requires appraisals, legal documentation and proper structuring.If the house is highly appreciated, holding it for inheritance may be more tax-efficient because the recipient would receive a stepped-up basis to the FMV at the time of your passing, eliminating much of the capital gains tax liability.This post does not create a CPA-Client relationship.
Christina Galdieri
1031 Exchange for a small business?
28 January 2025 | 6 replies
If real estate is involved, separating it into its own LLC before the sale can simplify the process and make it easier to leverage a 1031 exchange.This post does not create a CPA-Client relationship.
Chris Seveney
Home Payments as % of Median Income
1 February 2025 | 13 replies
And all the deals I do the exit on a fully rehabbed home that I fund and pay for the rehab etc for my clients. is basically 250 and under .. there is not an issue with affordability in much of the US the issue is buyers preferences.
Celine Besson
Managing a renovation from afar
14 January 2025 | 6 replies
Hi, @Celine BessonI work exclusively to help my out of state investor clients find great deals in the Memphis real estate market.
Lorraine Hadden
Will Mortgage Rates Go Below 3% Again?
2 January 2025 | 18 replies
Quote from @Lorraine Hadden: I have client who are try to wait for interest rates to come down rather than buying what they can afford for the best rate and hold.
Tom Borton
Help me analyze: Potential STR mountain cabin build (Packwood WA)
10 January 2025 | 14 replies
Also 4th quarter of last year Packwood and county officially did discuss potentially regulating STR's by either limiting numbers or adding a tax to cover increases in local services that are needed.
Angelo Llamas
Taxes on a property that isn’t yet ins service
22 January 2025 | 5 replies
Reporting begins when it's placed in service, not when it’s first rented.This post does not create a CPA-Client relationship.
Victor Adekunle
3 Simple Funnel Hacks to Help Wholesalers Generate More Leads and Close Bigger Deals!
9 January 2025 | 0 replies
Day 3: "Did you know our bulk pricing saves clients an average of [X%]?
Brandon Stelling
Military Vet investors 100% disability benifits
29 January 2025 | 8 replies
Combine these benefits with GI Bill-funded real estate education to expand your knowledge.This post does not create a CPA-Client relationship.