Greg Strunak
Cash flow/ passive income
30 December 2024 | 6 replies
@Greg StrunakA 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 who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Jason Mergl
Building a Team in Albany Area
14 January 2025 | 21 replies
Bigger Pockets is a great place to find a real estate tax accountant.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 who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Eamon Conheady
Do not use this lender!
26 December 2024 | 21 replies
It was Civic Financial - I’m not sure they do referral bonuses or anything but I can share a contact info if you needed someone.
Elizabeth King
Does my property have to be in LLC to benefit from real estate tax advantages?
2 January 2025 | 10 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 who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Nicholas Woo
what are your thoughts using Anderson advisors?
23 December 2024 | 30 replies
With enough knowledge you can make a educated decision on which approach you take.My experience:I personally don't sign up for any program who take you aside during events and try to sell packages that is just blatant sales strategy.Once you sign up there is every attempt to make you sign for their programs for bookkeeping, registered agent, LLC or corp setup fee which have ridiculous even with platinum membership.Basic standard structure they suggest to take advantage of multiple deductions can be easily achieved by proper education or work with a good firm like https://wcginc.com who is local to you.A umbrella C-crop to manage all other LLC properties and take advantage of many tax deductions that are not available with a llc, its also used to take losses up to 100K as startup expenses and dissolve the entity after few years.Few LLC entities for investing in Real Estate, etc preferably in Wyoming or Nevada ( you can find many companies online who can do this for $150 compared to anderson $1500-$3000) , they will claim they have a secret Operating agreement which is bogus.They certainly try to take advantage of tax loopholes and claim to be smart people, my view they are just taking advantage of numbers as per their own statements.
Michael Plaks
EXPLAINED: should I trust all those "End-of-Year Tax Saving Tips"?
24 December 2024 | 6 replies
Aka fraud.Accelerated depreciation, bonus depreciation, Section 179.
Dionte Griffin
first deal advice
3 January 2025 | 3 replies
Similar for bathrooms if virtually all are multi bathroom but you find a single bathroom, making it multi bathroom via new construction could be a value add.There are more sophisticated value adds such as add multiple adus via bonus density program.
AJ Wong
Ten Real Estate and Economic impacts of the LA Wildfires
14 January 2025 | 2 replies
Bonus : Could the 30 year mortgage be at risk?
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
13 January 2025 | 8 replies
This system is called online TIN matching, and you will have to sign up for IRS eServices in advance and share your personal information in the process.My contractor says he is a business and does not need a 1099He is wrong.There is an exemption for corporations, both C-corporations and S-corporations.
Francisco Milan
What has been your best category to invest in before the end of the year to lower....
18 December 2024 | 7 replies
Not as big of an impact today, but I can see Trump reinstating the full bonus depreciation idea and making it retroactive.