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19 April 2024 | 15 replies
@Hannah Potter Here are the things that many CPAs support their clients with:Understanding tax impact of short-term vs. long-term vs. flip before you buyWhich entity structure is best for goals and investment property typeTax and compliance on LLC or S-CorpHow to transfer property out of personal name into LLC (hard to buy 1st through entity)Ways to optimize taxes throughout the yearHow best to set up accounting to track income and expenses (doing this late is a mess)Feedback on property management systems, accounting systems. systems, etcEstimated payments to avoid penaltiesKnowing when to file and getting things in on timeMaybe a few things I missed, but this is the high-level ….. if you can get answers to the above questions on your own, plan, and file your own taxes then you can avoid the expense of a CPA.
21 April 2024 | 5 replies
@Mitch Naghipour I use FreedomSkips.com same high quality data as Batch, NeedtoSkip, and SkipGenie without the high prices.
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18 April 2024 | 4 replies
Hey Jinesh, I would highly recommend taking it slow.
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21 April 2024 | 3 replies
@Hassan Ghamlouche I use FreedomSkips.com same high quality data as Batch, NeedtoSkip, and SkipGenie without the high prices.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2834066/small_1694662886-avatar-kingsleym7.jpg?twic=v1/output=image&v=2)
21 April 2024 | 11 replies
Im looking to buy within the next 3-6 months and its making more sense to buy a single family home due to high cap x with multi-family properties.
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21 April 2024 | 7 replies
If I'm looking at buying a townhome or condo and the HOA is high because there is a nice pool and nice gym.
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21 April 2024 | 7 replies
I would love to be part of something like this, and I am highly motivated to get involved in real estate.Thanks!
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21 April 2024 | 9 replies
Trust me, I've toyed with the idea.Vacant land where it makes sense to build large MFH stock might make sense, but chances are this isn't the land we're talking about here.The reality is most vacant land in Detroit is being repurposed for parks, the Joe Luis Greenway, solar farms, neighborhood gardens, etc.Beyond that, let's say you plan to hold long enough for SFH prices to get high enough where it does make sense to build.
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21 April 2024 | 1 reply
Despite the headwinds, sellers continue to see home prices grow, buyers’ appetite for housing remains high and bidding wars are still occurring.
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18 April 2024 | 3 replies
I have successfully completed my first two flips. I have now secured funding as well as contractors that are ready to scale with me. I'm looking to take on 1-2 deals per month. What are some strategies that would allo...