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Results (10000)
Chris Waugaman Rental Property Depreciation Tax Question
18 January 2023 | 13 replies

Hi All- 
So I purchased my first rental property 2 years old. New construction townhome. My question is about Tax write offs. So my account has told me to not take the yearly depreciation on the property for my taxes...

Adam M. Cost for a Tax Specialist
13 January 2025 | 7 replies

Hi Everyone,
I am relatively new to rental properties and currently own 3 single family properties as rentals. I’m trying to better understand the cost for a tax specialist. With just three properties, do you think i...

Kristina Pearson The importance of a CPA with RE knowledge
16 July 2021 | 7 replies

I've been working with my current CPA for several years and have built a lot of trust, however, she's never worked with REI, rather entrepreneurs in almost every industry but RE. And after reading/listening to several...

Rita Lo How to organize finances when renting property
2 January 2022 | 10 replies

Hi,
Just starting out as a landlord (with a single property), and wondering what the best way to set up finances is. I currently operate out of my personal bank account, but was told it's a good option to set up a se...

Ramiro Salinas CPA or Accountant???
9 December 2018 | 5 replies

I am just now renting out my first single-family home! I am new to this should I contact a CPA or accountant right now or wait till later and just keep up with basic expenses from the property? I am new to this and c...

Ehab Shoukry Quickbooks tax questions
2 November 2015 | 6 replies

Hi all -I'm quickly getting more comfortable with quickbooks but as I get better I want to continue to learn more.  Currently I'm entering my mortgage payments into three accounts: principal, interest, and escrow.  I'...

Joe Einbinder Income taxes on rental properties
6 May 2020 | 15 replies

How much of your profits are eaten up by income taxes on rent paid each year?? I know you get deductions for depreciation, and maintenance but even after that, it seems like any profits would be eaten up and possibly ...

Matthew Hintzke Am I paying taxes twice on Roth IRA?
24 September 2019 | 4 replies

Years ago when I was a bit more naive in my financial knowledge I opened up a Roth IRA Investement account with Schwab. Over a years I have added little bits of money here and there mostly to play around with the mark...

Account Closed Do I need a CPA? ANSWER INSIDE
16 February 2024 | 15 replies

As your income and real estate portfolio grow, reaching the $150,000 marks in my opinion the beginning of your financial journey into real estate. It's at this juncture where you likely have around 20-40k saved up, an...

Nick Scannell House Hacking First Duplex - Should I set up a separate bank account now?
15 July 2023 | 11 replies

TL/DR - I bought a 3.5 down FHA Duplex, I'll be living in one side and renting out the other. I still need to pay towards the mortgage, but I'm saving money compared to renting. Do folks recommend: 1. Just deposit ren...