Luisa Morejon
What to do with the proceeds of the sale of my home?
1 February 2025 | 23 replies
Working with a CPA or financial planner can help optimize tax strategies and ensure the best approach for your goals.This post does not create a CPA-Client relationship.
John Malone
Are you aware of the new Corporate Transparency Act Coming in 2024 (every LLC)
31 December 2024 | 22 replies
At our firm (tax advisory) we are offering a service to help clients with this and we expect many tax/cpa/law firms will as well.
Paul H.
Questions when working with a new/unfamiliar wholesaler
30 December 2024 | 7 replies
We then like to provide our clients with photos, tax information and comps.
Briley Roe
Hello BiggerPockets! New PRO here
2 January 2025 | 3 replies
My partner is based out of Dallas and a lot of our clients are from the surrounding areas.
Jordan Kaylor
Use HELOC to buy, then refinance into mortgage?
8 January 2025 | 16 replies
However, unless you're doing this as part of a BRRRR strategy, you may end up paying closing costs twice and incurring unnecessary interest on the HELOC prior to refinancing.Additionally, conventional loans often have seasoning requirements of 6-12 months, while DSCR loans typically require only 3-6 months.This post does not create a CPA-Client relationship.
Jacob Dalton
Should Cook County be a "No Go" Zone for Single Family Rental Investment?
22 January 2025 | 12 replies
I can only think of 2 times inn the last decade my client has had to go though an eviction and both times it started cause the owner and tenant had personal issues.
Ryan Crowley
Pay off mortgage and snowball?
19 January 2025 | 61 replies
I had clients in PHX and Vegas that lost their 4 plex's because they went 100% vacant and stayed that way.. they owned 4 or 5 of them.. it only took about 3 months of negative cash flow and they were done.Max leverage loss tenants lose property.. that's the formula..
AJ Wong
Property Insurance crisis will supercharge climate migration in 2025 and beyond
11 January 2025 | 2 replies
I've consistently written about the forces of nature and her current and future effects on the real estate market (even while often being ridiculed and politicized on this very site for it) regardless: I personally moved and invested in coastal Oregon in 2018 from Venice Beach Los Angeles partly as a result of the trajectory of climate and have assisted several clients that specifically purchased on the Oregon Coast for their own 'climate havens,' investment and future retirement homes.
Nate Pucel
How do you determine depreciation basis on a renovated rental?
3 January 2025 | 5 replies
Accurate records of all expenditures are essential to claim deductions and calculate the cost basis for future capital gains taxes, including depreciation recapture.This post does not create a CPA-Client relationship.
Christopher Morris
House Hacking in NJ
29 December 2024 | 23 replies
Success stories are happening every day, I have clients breaking record rents on house hack more so than ever.