As an experienced real estate-oriented CPA with clients that invest in most real estate markets, I often get asked for strategies in saving money on taxes that apply to clients investing activities. Here are some key ...
When analyzing cash flow, and with respect to depreciation:Do I calculate depreciation into cash flow projections?If so, is it on the total price, or just the building and not the land?And, is it figured on the basis,...
HelloI live in Bay Area and want to open up an LLC in Missouri with a few partners. My question becomes do the profits from real estate investments go into the LLC account first then get distributed after? Also, would...
Howdy,
Just curious as I am sure this varies from location to location. Given the current lending and credit climate, how much cash reserves would you consider enough to start a business flipping homes?
Would it be...
Hi - Getting very close to completing my new build construction and had 2 questions around De Minimus Safe Harbor rules/accounting1) For appliances that I purchase BEFORE official "available to rent" date. Do these h...
I have a question about forming an LLC. I found a real estate deal and needed to raise $150,000. I planned to sign for the loan and give them a percentage of the ownership of the deal, but they have decided that the...
So today I called my CPA to let him know that I’m going to be buying rental properties in the near future. I Wanted to get some insight on some of the tax breaks I would be getting for having rental properties, he ...
I own an investment property in Florida. Hurricane Irma had damaged the roof and through the advice of my property managers we did some patchwork repairs in 2017. Unfortunately, while the house was being listed for ...
I was hoping to clarify something, can someone correct me if i am incorrect?
This example was taken from a previous post, but it was several years old so i though I would post it here
Let's say they invested $100...
Quick recap of my current/first deal: I am buying a duplex with my contractor/family friend. He brought the deal to me on this occasion, before this he was just inspecting and giving quotes on properties I was analyzi...