William Ryans
Any suggestions for a Real Estate Investor Friendly CPA in Southern California
5 March 2024 | 5 replies
Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.
Christian Riordan
Selling a Primary Residence when your Parent is on Title
5 March 2024 | 3 replies
They are both listed on title of the property and my wife has been using it and paying primary residence taxes on it.
Gary Fox
Ownership by Contributed Capital vs by Tax Capital Accounts in small syndications
4 March 2024 | 34 replies
My lawyer needs advice from someone more versed in the tax law.
Thomas Waymouth
Navigating DTI & Turning our Current House into an STR
6 March 2024 | 8 replies
I made 120k in equity last year with the sale of the houses but because of how stupidly our business was set up, Our tax guy suggested my partners give me most of my equity as a gift because we didn't want to get taxed on it twice.
Logan M.
Pitfalls of CAP Rate and Mobile Home Parks
6 March 2024 | 9 replies
You can try to use their taxes for verification but it is still difficult, CAP rates will not reflect tenants that need to be evicted.Hopefully, this has been helpful in providing some additional aspects that are unique to CAP Rates and Mobile Home Parks.
Marcus Gendke
Economic Headwinds Abound
6 March 2024 | 0 replies
Once again, we find another recession indicator flashing red.Given the multitude of economic crosscurrents, it’s crucial to seek the best assistance available to mitigate taxes, and manage expenses to navigate through potentially turbulent times.
Eric Hipolito
DSCR Loans / Lender Recommendations
6 March 2024 | 13 replies
No personal income docs or taxes needed.
Benjamin Foullon
Should I Purchase Through An LLC
6 March 2024 | 7 replies
If you are looking to use your W-2 and tax returns to qualify, you would be using a conventional loan, which typically don't allow LLC vesting (unless you transfer the deed later).
Les Z.
looking to buy rental property in any state - 100k down, traditional financing
5 March 2024 | 28 replies
Pittsburgh is very affordable and the taxes are low outside of Allegheny County.
David Alder
1031 Exchange with Seller Financing as Boot
5 March 2024 | 3 replies
My understanding is that the $480K qualifies for 1031 treatment and tax deferral.