Ali Boolani
pre-foreclosure leads
Ive started this project where Im helping people stay in their homes, rentals or personal (if you have any questions about that feel free to contact me) as well as help them with their adjustable rate mortgages. I was...
Julio Gonzalez
How to Choose a Cost Segregation Company
Cost segregation has been a very popular tax strategy for real estate owners as it can provide significant tax savings. A cost segregation study is a strategic tax planning tool that separates the assets that have a s...
Mark Yuschak
For those of you who use Independent Contractors
I also own a small plumbing and heating company. It's formally owned by me, but my brother does 100% of the work as an independent contractor. Since 2008 was our first year, I've never had to 1099 him up until now. ...
Michael Arreola
CPA vs enrolled agent
Hello bp!So I just finished doing my taxes with my tax man that has been doing them for the past 5+ years. I am currently a w2 employee and have very minimal income coming in through a house hack. I started going to h...
Sean H.
Primary residence stay "2yrs<1yrs" changes return?
I was doing turbo tax, and im surprised that it is changing my return based on the number of months i claim i used the residence as my primary residence. I realize over two years is tax free, but im not trying to do t...
Eric Sebast
Cost Segregation using diycostseg.com?
Hey all, just about to close on our first property at just over $100k, talking to the CPA who we have used in the past he said he doesn't recommend doing a cost segregation because it would cost us about $3k for him t...
Kate Ellis
LLC Taxed as an S-corp for flipping
We just set up our LLC in Illinois to flip houses. I'm preparing to file for our EIN with the IRS and need to decide if we want to be taxed as an S-corp or partnership. I'm all for S-corp except for the requirement ...
Ryan Watson
Deductable Expences
Is there a limit on the amount of expences a landlord can deduct from taxes per year? Such as replacing things that are coming up due, such as floors, siding, and windows?
Tina Lee
Taking primary residence in a 1031 exchange property
I purchased my investment property in Nov 2021 as a 1031 exchange in Seattle. I currently live in Visalia California but just got a job in Seattle and will be moving there in April. It has been a challenge to rent ...
George P.
Question to PM - how much time does it take per unit?
After reading about IRS audit (http://www.biggerpockets.com/forums/51/topics/64967-real-estate-professional-irs-audit?page=2), started wondering ....
I'd be curious to hear from professional PM (and professional LLs)...