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26 July 2021 | 5 replies
I’ve heard mixed reviews from my small inner circle.
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18 July 2021 | 2 replies
Where can I find some literature or any form of education about what currently builds equity during renovations…i.e adding bathrooms, custom closets, adding sqftLeaning towards a flipping market..I want to make sure we’re working smarter TIA
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21 July 2021 | 10 replies
I have come across a few syndication sponsors, mainly the guys who have podcasts and looked at a few PPMs and reviewed their presentations.
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20 July 2021 | 4 replies
Real Estate Taxation is nothing new and you can certainly find a local CPA that specializes in Real Estate.Below are some tips to find a Local CPA that specializes in real estate1) Attend a Local REIA / Real Estate meetup and see who other investors are using as a CPA2) Network with other investors from your City/State that you find on bigger pockets and see who they use as a CPA3) Look for CPA's with good google/yelp reviews where 'real estate' is mentioned in the review.You can verify your CPA is licensed by Michigan by visiting the following website - https://www.lara.michigan.gov/...You should only look for an out-of-state CPA after you take the above steps.
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23 July 2021 | 8 replies
If so, review it to ensure it matches the estoppel certificate4.
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27 July 2021 | 2 replies
Review and re-negotiate utilitiesAnalyze insurance policiesFind new tenants such as 5G Rooftop LeasingDiscuss loan payment deferral options with lendersRepurpose all or a portion of your building / propertyExtend tax returns to SeptemberAppeal increases in property taxes or negotiate lowering or deferring payments for current property taxesAssist current tenants and educate them on funding programs available to themRefinance any existing loansSearch for new income sourcesDiscuss deferral of insurance payments or partial payments with your insurance providerResearch Funding Assistance in the Chambers of Commerce guidesDefer the employer’s share of Social Security payroll taxTake advantage of higher interest deductions Utilize active lossesApply cost segregation utilizing the new CARES tax laws and amend up to 5 years of previous tax returns to potentially receive refundsI hope these tips were helpful and if you have any questions at all, feel free to reach out!
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16 September 2021 | 5 replies
@Brian DanoYou have to be careful when visiting places like H&R Block, Liberty, etc as they are run as a 'franchise' and normally owned by a CPA or EA who hire those with little experience to help prepare tax returns.You can check out the craigslist hiring section and you will see ads for H&R block hiring and mentioning 'no experience needed'.Below are some tips to find a Local CPA that specializes in real estate1) Attend a Local REIA / Real Estate meetup and see who other investors are using as a CPA2) Network with other investors from your City/State that you find on bigger pockets and see who they use as a CPA3) Look for CPA's with good google/yelp reviews where 'real estate' is mentioned in the review.
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20 July 2021 | 11 replies
Also, with a background in STR, make sure and review the STR rules in each local municipality.
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14 August 2021 | 17 replies
They said I would have to wait until after the review process to see the appraisal.
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20 July 2021 | 1 reply
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