Given the complexity and potential tax-saving opportunities in real estate, it's wise to consider hiring a CPA with expertise in this field.Many clients who work with non-specialists find that their non-real estate preparers lack the specific knowledge to help them minimize taxes through strategies like depreciation, the de minimis safe harbor, partial asset dispositions, 1031 exchanges, navigating real estate professional status, the short-term rental loophole, and more.If you are looking to qualify as a real estate professional, use the short-term rental strategy, or complete a 1031 exchange, I would without a doubt recommend working with a real estate CPA.

This information will help me understand this business better.

If you have a scenario that you'd like to get funded I'd be happy to see how I can help.

I'm happy to help you get connect to people, resources, and ideas here in WNC.

Reach out to see if we can help you with a fix & flip or to grow your portfolio.

I'm struggling to find good tools/strategies/professionals to help ballpark the rehab costs so I can make a reasonable offer. 

I've already closed on the house and currently have an LLC in CT but have not moved the property over to the LLC yet because I wasn't sure if it makes better tax sense to move it under an LLC where I live (CA) or an LLC where the property is located (CT)... any help you can provide is much appreciated! 

We help clients close numerous multifamily deals in the valley each month and have good pulse on what's happening.Matt

Hope this helps.

Can someone help me wrap my head around this with real numbers?