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3 December 2017 | 3 replies
It depends on whether the House or Senate win out on certain aspects, but it could be good for investors.The House bill taxes all passive investments at 25% (rentals are considered passive, unless you are a real estate professional as defined by the IRC).The Senate bill gives a 23% deduction on the flow through income of sole proprietorships, LLCs, and S-corporations.There is a lot more to all of this, but those seem to be pretty good changes for investors.
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8 December 2017 | 3 replies
Depending on your area, Airbnb even pays for the photo session, If not a professional photo session shouldn’t cost more than $300-$400.. this investment is crucial because it doubles your bookings.
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6 December 2019 | 49 replies
wow...For that price I'd consider doing it myself unless there's some law requiring professional cleaning.
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29 January 2019 | 23 replies
If you check the thread above - you will see other tax professionals confirming what I said. if you move out and rent but NEVER MOVE BACK - then it does not count as NQ.
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5 December 2017 | 3 replies
@William Crutcher - I compiled a list of recent BP postings that requested a CPA in the Cincinnati Areahttps://www.biggerpockets.com/forums/81/topics/493...https://www.biggerpockets.com/forums/86/topics/144...https://www.biggerpockets.com/forums/51/topics/250...I compiled a list of recent BP Postings that requested a lawyer in the Cincinnati Areahttps://www.biggerpockets.com/forums/51/topics/416...https://www.biggerpockets.com/forums/51/topics/396...Feel free to reach out to the posts of the above postings on who they decided to go with and if they are satisfied with their services.You may also want to attend a local REIA and network with the professionals there and ask who they use as a CPAYou may want to open up your search to CPA's that work with clients remotely if you are unable to connect with a Local CPA.In the meantime - feel free to ask me any tax questions that you have.How many years did you live in the house before you went ahead with the rent to own and eventual sale?
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3 December 2017 | 1 reply
She is a fellow member off NARPM and seems very knowledgeable and professional.
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6 December 2017 | 9 replies
Consult with a professional CPA familiar with these rules.
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13 March 2018 | 6 replies
I always recommend a legal professional - you can ask questions and though they are more costly, should provide you with the answers you need to feel secure.
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12 March 2018 | 5 replies
I've spent all day on the phone with a variety of professionals, including the IRS, CPA's, attorneys and SDIRA custodians, who all have all given me different answers to that same question and most with different explanations why or why not.
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14 March 2018 | 11 replies
The ultimate goal in determining whether the provider's account fees meet your needs should be the value provided, not just in fees you'll incur, but also including intangible factors such as highly experienced professionals and responsiveness to client needs.Funding Time Frame - I would argue that this is the most important factor, as moving quickly is the nature of the real estate investment community.