Matthew Gil
QuickBooks and Real Estate Accounting
I have a QuickBooks question pertaining to landlording. As a rule, how are you handling or categorizing the following?:
Cash outs from real estate closings in which the buyer has excess funds left over from a purcha...
Christian D.
Tax strategies for 1099
I have REPS by actively and materially participating in my rental property portfolio, and also work as a real estate broker full time (1099 collecting commissions through a single member/purpose LLC) from buildings I ...
Ron Trinh
From CPA to full-time real estate investor?
Hi BP community,Really wanted to get some feedback from anyone that has made the jump from full-time job to full-time real estate investor (before having the passive income) or anyone that just may have something to s...
Lindsay Ferlin
Question about insurance, taxes, subleasing and entities
Hello Bigger Pockets Community,I am about to close on my 1st real deal- I'll call it an office hack. I live in the Bay Area and work as a psychotherapist. My partner and I are saving money to purchase our first proper...
Amanda T.
Commercial tenant lease
Hi all I have to renew a lease with a tenant for a commercial space in a small building in NJ soon. I was wondering if others are charging "additional rent" ie having the tenant pay a portion of taxes and insurance ...
Louis Zameryka
Help Understanding a Lien
They have about 5 years of these lines and total about $50k including penalties. last sale of the home was in 2016 and listed in the county records as $0 and the Condition of Sale listed as Other Unusual Factors. An...
Sam McPeek
Combining (2) 4-plexes to create 8 unit apartment...any upside?
I am looking at 2 identical 4-plexes on separate small plots next to each other. One 4-plex lot has an easment for the other. Separatley, I can't make the numbers work at the prices 4-plexes are selling in this area.I...
Joe Kato
Income ideas for 100 acres of woods in Connecticut Rhode Island
Under contract for additional property next to primary residence. 3 lots, sub-dividable, 2 miles from Interstate, 20 minutes from ocean, but in the quiet woods. Looking for ideas how to turn positive ROI on this lan...
Matt Lockwood
minority partner in employers LLCs for builds, W2 or 1099 ?
Hi all,Just graduated college and I'm getting my start in REI in San Carlos, Redwood City, and the general Bay Area in CA. I'll be employed as a foreman on our construction sites building spec homes. Im getting paid o...
Niklas Zhu
Cost segregation recapture on a teardown property
First, appreciate all the replies to this topic. The reason I post this here is because I got totally different answers from two CPAs
Here is the story:
I bought the house as investment property and run it as STR fo...