Rashid Khalil
Bonus depreciation to reduce w2 income tax
I and my wife are w2 employed and am in a high tax bracket. after 13 years of paying high taxes and living in the cave, I am now aware of this real estate investment/cost segregation/bonus depreciation, etc. so i have...
Damien C.
I am looking for an accountant with RE experience / Boston area
Hello, friends.I am looking to hire a new accountant to do my 2017 taxes, which involve pass-through LLC rental income.If anybody knows a solid account who has experience with small rental portfolios and who they'd re...
Glenn Gray
Self Directed IRA Stock Broker Account
I have a self directed ira (SDIRA) and self managed LLC, where I have cash in the checking account. Currently it's earning no return. I'm considering moving the funds to a stock brokerage account for greater returns, ...
D'Juan Thurmond
House hacking for newbies
What's up BP! I just recently purchased a house hack duplex in Upstate SC. I already set up a business account to keep my business expenses separate from my personal expenses. Even though this will be a temporary p...
Marc S.
Stessa as a Property Managment Site
Can someone confirm my understanding of using Stessa and what I plan on doing or give some advice.
I plan on using Stessa to manage my 1st property, I know most of you said it's not needed, but it's free and keeps ...
Jessica Jennings
First property accounting
Hello!We are just about to close on our first property, very excited! I have a basic accounting question. How to you guys handle property finances? This property is a duplex purchased with a conventional bank loan. We...
Brian Hester
Looking to invest in Texas
Hello,Currently have properties here in Orange County with a partner and we are looking to invest in Texas. Trouble is we have no experience with the State let alone areas that make sense.We invest primarily in 3-4 P...
Chris Mason
PSA: Self employed generally now require ONE year of tax returns.
I'd say that over 60% of the time, the "automated underwriting system" (AUS) only calls for one year of tax returns for self employed persons. Not the two years you read about on google search results from 2+ years ag...
Rick Turman
Tax Strategy Guidance For Rentals
I have combed a few forums but have not found a variant for my questions that I am needing help with. I own two duplexes that were purchased in 2019; one in my personal name and one in the business. Both were in ser...
Patrick Britton
Need to reduce closing costs (Chicago purchase)
I have bought a few rentals in the Chicago area and am put off by the considerable closing costs, especially from the title company. I'm looking at something right now and the down payment is $18,000 (20% down) and t...