Account Closed.

When estimating cash flow, don't forget to account for vacancies. 

Looking to build my team and need an experienced tax accountant who preferably has there own real estate and know the law advantages related to that area.

I'm not an accountant, but at the end of the day you need to review the criteria for MP and be able to prove you materially participated and quantify it. 

That kind of analysis just look at prices without taking into account the buying power of the local buyers, which makes it completely flawed.Short-term rentals haven't been banned per se.

And would you do it on your own or get a broker involved?

Check the rules and the accounting carefully once you have it under contract. 

You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck in your search.

About a year ago, we bought a property in the Kansas City, Missouri area.
The MLS listing stated the property was 1,700 square feet.
However, someone alerted us to a potential error, suggesting the square footage mi...

From what I understand, equity on a property is the amount of money a property is worth minus the amount of money owed on the mortgage on the property.At least one article has said that the principal remaining on the mortgage is the only component of the mortgage that is accounted for when determining the amount of money owed on the property’s mortgage when calculating the equity one has on a property.I am not sold on just factoring a mortgage’s principal into the amount owed on a mortgage because if interest is also owed on the mortgage for the property, the interest should be accounted for in determining the amount of money owed on a mortgage, correct?