David Cianci
BPCON 2024 tax deduction?
Hello all, I am starting a rental arbitrage business shortly. I have a question regarding if I can use BPcon as a tax deduction for my business. I would love if a CPA could reach out to me on this post or by direct me...
Chris Morris
architects disagree on necessity of civil engineering services...
Architect A estimated I would need to pay $10K-$15K for civil engineering services for a 2 story ADU on a flat lot in Los Angeles.They say it is for grading and low impact development/stormwater management).Architect ...
Juan Santos
Expenses for Lawyers, Accountants, Tax Advisors, etc
Something I’ve always wondered and don’t see much talk about is in regards to taking into account the expenses for Attorneys, CPAs, and others that would be in your “power” team. Shouldn’t this be included in the PITI...
Danny Ondik
Who to talk to in order to get all tax advantages?
Hello,I was able to buy two rental properties this year (and my only 2), but want to make sure that I take advantage of all the tax benefits possible. I'm assuming I don't go to H&R block to do this. Who should I ...
Thomas Mc
To Form an LLC or Not To Form an LLC, that is the question...
Hi all,
I'm a new RE investor with the hopes of getting my first property within a year or so. I'm a resident of CA and it's looking likely that my first property will also be in CA. I understand that it is wis...
Account Closed
Title transfer to child and capital gains tax question
I purchased a condo 2 years ago for 50K. My daugter has been living there ever since (so 2 year residency requirement has been met)Now the property is worth about 70K. I would like to transfer the title to my daughter...
Andrey Y.
Tenant moves out early, how would you handle this?
I had a tenant that unfortunately had some financial difficulty and had to move out (her husband lost his job). I suspected this vaguely last month when the rent came in two separate installments.She has payed up unti...
Account Closed
Life Insurance to avoid taxes?
Is it possible to avoid paying capital gains if i get a life insurance?I heard life insurance has 3 benefits1. It pays you 6%.2. Your money is untouchable.3. Tax shelter
Tony Castronovo
BIG Screw Up!
Before I go and do something else stupid I wanted to put it out to the group and see if anyone had a creative idea. I recently purchased a rental property using HML and then refinanced with a conventional lender abou...
Manuel Gomes
Tip On First rental property
Hi Everyone! I am currently in the northern VA area about to put my first rental property on the market. I am searching for some guidance from more experienced people who have gone through this process already.
Here...