Hello all: I am curious how your CPA or tax preparer handles these items.Had a conversation with a tax preparer yesterday about replacing a front door. He states he expenses the item that year rather than depreciate i...

Seeking the services of a CPA for the first time to prepare and file individual returns.  I have multi-state residency and income in 2017 (Delaware and Maryland) in addition to a new rental property (Located in Maryla...

The new year marks a time for setting goals and measuring growth - but it's also a time to prepare for the months ahead.
We have been working hard on our strategic plan for 2021 and while 2020 was unpredictable at b...

Good morning! Joined a few days ago and this is my introductory post. Not in the position to buy at the moment, but I am doing a lot of reading and learning on the forums to prepare myself.

The best preparation for tomorrow is doing your best today. - H. Jackson Brown, Jr.As I am sitting out in the woods listening To a BP podcast (isn’t technology great) I was thinking of how to be inspired from more kno...

When do you prepare the infomation needed to file your taxes? Monthly, quarterly or year end?

Anyone use online resources for cost seg? Cost is ~ $400-600 vs $1500-2000. I own a condo and SFR I want to cost seg. Companies I've found and the cost they would charge for 1 property under 500k
KBKG - $450 - (audit...

I have a macro level of what each skill does but should I have an accountant and a bookkeeper on my team or if I hire an accountant will they come with a bookkeeper.Which one or both should I look to hire?

Hello BP, I know that accountants are extremely valuable people to have in your circle, but I find outrageous titles grab people’s attention.

When do you like to meet with your accountant and how frequently to you s...

As your income and real estate portfolio grow, reaching the $150,000 marks in my opinion the beginning of your financial journey into real estate. It's at this juncture where you likely have around 20-40k saved up, an...