Hey all!Just finishing up a real estate deal, and when I mentioned it to a friend of mine, he simply say "Oh, you're just lucky".  Something about that just irritated me.It's not "luck" when I saved my money to buy a ...

Home prices are beginning to either level off or come down depending on your area. Here in FL I'm seeing appraisals come in lower than expected.... There's volatility in the stock market which generally is the first i...

Hi
I recently had my 2022 taxes prepared (not yet filed) from a firm and I noticed that they took line 26 of Schedule E “Total rental real estate and royalty income or (loss)”, which is say -$5,000 (notice the minus/...

Introduction
The journey begins with five essential questions. These questions will serve as your guiding stars, helping you navigate the complex world of property investment.As we dive into these key inquiries, you'...

Introduction
The journey begins with five essential questions. These questions will serve as your guiding stars, helping you navigate the complex world of property investment.As we dive into these key inquiries, you'...

I've operated my business as a straight single member LLC for the last 10+ years.  This year (2016) my income  was much higher and I figured it might be useful to looking into the S-corp designation with the IRS.  Wha...

Hello BP World!When it comes to handling Real Estate tax, I consistently hear 3 different titles of tax professionals/specialists thrown around: RE Accountants, CPAs that specialize in RE, and RE Attorneys. I'm lookin...

This post is for the STR investors who are looking to take advantage of the STR tax loophole which allows you to write off paper losses against your active income. There is some confusion about material participation ...

Should you hire a bookkeeper and a CPA separately or look for a one-stop provider?
Neither approach is inherently better than the other. Both have pros and cons. Some considerations:
- The least expensive route is t...