My CPA firm is preparing my 2021 taxes, this is my 2nd year using them and I haven't had any notable issues until now. I invest significantly in syndication deals so I have a handful of K-1s from multiple states. I ge...
Can anyone share the activities you log that will count for real estate pro status? We are buy and hold investors so the areas we document focus on Rent, Operate, Manage and Lease. I'll add Sell in there too but not a...
I've gone through enough real estate education to know that just about everybody recommends pinpointing certain areas -- zip codes or sometimes even neighborhoods -- in which you see a lot of cash-buyer activity and t...
I look for local people and spent time going through an entire list where half are not active. Is there a way to hide these peoples profiles? There a lot of people that sign up and never post anything or did post one ...
Hi all,I have consultations set up with CPA's in coming weeks and I am looking for some questions that I should be asking them? I have some specific questions regarding my personal situation, but I would like some ot...
Aloha BP nation, I am using HR block software for taxes this year, although I will likely still use a CPA. I was wondering one thing, would all the following expenses go under a specific property, or is there another ...
As I'm evaluating rentals, I'd like to see actual comps for rentals under contract. Whether STR, MTR, or LTR. I'm actually targeting MTR specifically. I'm assuming I could go through an agent, but wondering if ther...
Hello BP fam, I bought my first real property in Oct. 2014, am I able to claim deprecation for this time. I have read some places that have said you can not claim depreciation during your first and last year of owner...
Just heard about this tonight ... Google: "corporate transparency act summary"It's set to take effect Jan 1, 2024, apparently. Here's a little of what may come up:"The Corporate Transparency Act (CTA), enacted in 2021...
Hi everyone. I just recently separated from active duty military and moved back to the states from Germany. I'm ready to expand my investment portfolio and jump into the world of real estate. Currently exploring opti...