Luke Jones
Raleigh,NC CPA Referral
Hey BP!Looking for a CPA to help out with our taxes for this upcoming year. We have income from a few different areas (Airbnb at our primary residence, a separate SFH rental property, my and my wife's W-2 income, and ...
Jack Stalnaker
Is it possible to get a tax break when buying my first rental property?
I am growing a digital marketing business and I plan on purchasing my first rental property in about one year. Would it be possible for me to consider my down payment a business expense when I file my taxes next year ...
Lane Kawaoka
QRP (Long term money) vs Liquidity
There are a couple caveats I found that make me reconsider a QRP:When you have money in these accounts it sounds good that you are not taxed on gains but you are restricted from getting a Fannie Mae loan. Using the QR...
Gary P.
My first RE investment before the first rent check
My first post while riding the ripple of closing on my first investment propertyWhy?I followed the path I was taught since grammar school: go to school, get a job, live below your means, save your money, retire. While...
William Joel Idleman
Self Directed IRA Hype?
It seems that the idea of a self directed IRA is a buzz word in the BP community. If you use a self directed IRA, would you be willing to share what advantages made you choose that investment vehicle? I understand t...
Account Closed
buy with cash and then refinance, or just finance right away?
which is the better option, assuming you have the cash? what advantages do you get from buying with cash and then refinancing after?i'm mainly interested in this approach because, from what i've read, it allows you to...
Evan Loader
Offsetting passive gain on K-1 with passive losses from other K-1
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...
Esther L.
How Does a self directed IRA works?
Has anyone here used self directed IRA as down payments for rental property of any flipping deal? I just read an article about using a self directed IRA for REI, but am not quit sure how it really works. I have some ...
Serafin Fernandez
Tenant Bank Statements
Hello All,I am a new landlord looking for advice. My properties are Class C properties. I have recently asked for two most recent bank statements. What is it that you look for in a bank statement other than income ver...
Michael Plaks
DEBUNKED: EOY tax planning "tips and loopholes"
Yes, this is an angry kind of post. I don't have much patience or sympathy towards the annual flood of "Terrific End-of-Year Tips to Cut Your Taxes" webinars, podcasts, articles and whatnot. You want a sample of this ...