Account Closed
Unique Tax Saving Strategies to be aware of
As a nationally recognized real estate CPA, I would like to take the time to discuss tax strategies applicable to real estate investment.In the realm of real estate, there are several crucial tax strategies to be awar...
Kelsey Vander Meulen
Program to Calculate Tax Savings in Deal Analyses
Hi all,
My husband and I are high-income earners in a high income tax state (California). We currently own a SFR in Texas, but we are looking to purchase another SFR in Arizona. Given our tax bracket, including tax ...
Victor Yang
Taking a small loss to save on taxes?
Hello all,I am looking to buy an apartment building. Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing...
Sheba Shimoji
Pay my own property management company
Hi, I have 17 unit rentals and I have set up a S-corporation acting as property management company. The average property management fee in my area is 10% of the rent collected. How much should I pay to my corporation ...
Jack B.
Capital Gains Tax free exit from rentals: it is possible
Well, not entirely, but you can shield more of it.
I'm going to use a very round and specific example to demonstrate this concept. Check my understanding of the tax law on this.
Let's say you make x a year. You ...
Callum Sinclair
How to Start A Partnership
Hello,I am wondering what is the best route to take if I am trying to form a partnership between myself, my dad, and my uncle. We will be starting off with flips, then possibly B&H. They will be bringing the cash,...
Luis Moreno
Out of State investor investing in Indianapolis IN
Hi BP members,
After learning about the BRRRR on bigger pockets I reached out to an investor friendly lender I was referred to and asked him if he had any loans geared towards investors? He said he did have a line of...
Rich Weese
doing 2008 taxes today!!!
I promised my wife I'd work with her and be available to help with the income taxes for a couple days. I drive the MRS crazy with the things I do. I decided that since I have time between her questions, I'd post today...
Michael M.
CPA for Out of State Investments
Hi All, So I did some looking around on the forums within this sub-topic and it looks like there are numerous recommendations for CPA. A question I have is about how much does it cost you to get the taxes prepared wit...
Aref Shehadeh
What do I do with this land?
Hey BP,I recently fell into a piece of land in miami, FL (1 acre) that is located just outside of my city's urban development boundary. The land can be used for residential single-fam homes or for agriculture. I will ...