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Ask me questions on Real Estate Tax Strategy or Investing
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
Stephen Neto
Real Estate Professional tax status an option?
How does one prove they have worked the 700 hours or so needed to be considered a Real Estate Professional as far as taxes go?Can anyone declare this if they put in they hours? Just wondering if it is an option for m...
John Salgado
Lender increased Mortgage Insurance premium on initial CD
I am in process of closing on my first MF house and recently received the initial closing disclosure. I noticed that the lender increased my mortgage insurance (MI) premium to almost double the original amount. It i...
James R aduna
How to utilize Cost Segregation to your advantage
Hi BP Community,
I was hoping to get some feedback on the best ways I can utilize cost segregation for my taxes this year and if anyone has recommendations for a Real Estate Accountant in the Los Angeles area that ...
Bill Gulley
Did you cheat on your taxes?
They are saying that about 15% admit cheating on taxes and that Uncle Sam will nail about .003%, recovering about 4.5 times the amount spent to catch cheaters.
Just FYI, if you are one of the lucky ones selected for ...
James E.
Real Estate professional logbook example
Hey BP - does anyone mind sharing an example of their real estate professional logbook? Would love to see an example of some real life qualifying activities and what you're including.
Robert T.
Polling Landlords & Property Managers on CAM
Fellow BP members who are commercial landlords & PM: Out of 100 tenants, how many of your tenants would pay the adjustable CAM at the end of the year? Any strategies to share? Thanks!
Andrew Newlon
PPC Management Company
We have been using PPC advertising (AdWords & Facebook) with little success. We recognize the importance of it but I do not have the time to learn how to utilize PPC effectively. I am looking for a PPC Management ...
David Repinski
Failed mortgage on rental property(IRS expenses?)
In May of this year I had a failed attempt at securing financing for a mortgage on a rental property. I ended up paying cash and then refinancing two months later. The question is about the cost of the failed mortgage...
Mark Forest
Allocating vehicle expenses
Filing out my taxes is getting complicated. Thank you to all of you who have been helping me especially Steven. As I have already posted I have three rental properties I acquired in 2012, and one I have had for thre...