Bill Goodland
Favorite Tools for Building Distressed Owners Lists
15 January 2025 | 13 replies
You can also see total loan exposure, every loan ever pulled, every property ever owed, every co-signing partner from every project, permits, etc...
Jonathan Small
DIY or hire help for taxes?
23 January 2025 | 7 replies
A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.
Victor Yang
Taking a small loss to save on taxes?
19 January 2025 | 7 replies
I buy property to make money and the depreciation is bonus/gravy.
Karen Guzik
Is it ok to use the lease agreement that comes with the book bonus?
6 January 2025 | 0 replies
Just want to make sure it's ok to use the lease agreement since it says all rights reserved to bigger pockets. TIA
Carlos Olarte
Is it worth building Adu's in Orange County / Long beach ?
23 January 2025 | 12 replies
Non-passive to achieve this level of return.Add the addition of the ADU makes the main unit rent controlled if over 15 years old.the work to add an ADU likely exceeds the effort of a brrrr that can achieve infinite return Experienced investors are adding multiple ADUs by leveraging items like bonus density, committing units to affordable housing, etc.
Adrian Sopher
My Story; Life, Mistakes, and Opportunities!
19 January 2025 | 2 replies
I jumped at this opportunity buy getting my license, signing up with her broker, only to discover all she wanted was the sign on bonus from me joining that office.
Melissa Stanley
Starting with a Friend (LLC?)
28 January 2025 | 6 replies
If you go with the partnership route1) You need to manage the money going in and out of the business bank account.2) File a partnership return and be responsible for issuing K-1's3) make distributions to you and your partner for cash flow that you receiveYou will likely spend many hours on a nice gesture.I may want to consider instead to give a christmas gift or a bonus for early completion of projects.
Eli Jerman
Taxes for 2024 - First rental property purchases in August 2024
27 January 2025 | 9 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.
Joshua Alcantara
Finding Sellers with Messy Titles in Real Estate Wholesaling
26 January 2025 | 6 replies
The big assignment fee is just a bonus!
Julio Gonzalez
Asset Classifications for Cost Segregation
7 January 2025 | 6 replies
Window AC units can indeed be treated as tangible personal property with a 5-yr life and be bonus-depreciated or deducted under Section 179.