Maria Dominguez
Can Anyone Recommend a Remote Accountant for a 1st year Investor?
Hey BP Fam, Trying to find someone who can recommend a great accountant that can work with me getting my taxes ready on my first year of investing. I bought 2 multi-families this year with 4 doors. Ive taken 6 months...
Akash Y.
Canadian investing in USA. LLC or personal name?
just like the title says should I purchase homes in my personal or under entities like an LLC.
I have read if I use an LLC I will get double taxed in the USA and in Canada
Does anyone know if this is true or not I a...
Dani B.
What to ask an accountant?
Good morning from CA!In getting started on this whole real estate investing venture, I have heard that it is a good idea to consult an accountant (preferably a CPA). I plan to meet with an accountant within the next w...
Isaac Hayes
Retirement Account 10% Penalty to Access Real Estate
I plan to purchase a four-plex in Columbus, Ohio within the next two months. I had planned on liquidating a standard brokerage account for the down payment. However, because I plan to retire and live off passive incom...
Gary Stark
Tax advice for real estate investing
Hello, I am looking for a decent (readable) tax book for real estate investing. I have heard that The Book on Tax Strategies for the Savvy Real Estate Investor by Han is good. However, i see that it was written in 20...
Rodney Marcantel
Self Directed IRA or Take Loan from pre-taxed Retirement?
We have 2 options now that we're selling our home and cashing out enough money to pay our daugher's college fund. We have a 403B account in my wife's dad's name that is over $300K that is only drawing 3.5% interest. S...
Ben C.
Question About Paying LLC Taxes
Hello,I have a 50/50 LLC with my spouse. Obviously that LLC income flows directly onto our personal joint return. The LLC has a separate bank account to keep funds separate. The LLC money has been reinvested in anothe...
Rahul Sunkavalli
Roth 401K and Roth IRA
Working full time while attempting to invest. If my goals are to leverage RE for financial freedom, should I still max out retirement accounts?
1. Roth 401k vs 401k?
2. Open a Roth IRA as well?
Trying to figure out...
Rafael Pena
Looking for a CPA that understands Wholesaling Business
I am currently in search of an accountant that has experience with clients in Real Estate. We have been virtual wholesaling since April 2020 in different parts of the country but our company is based in Willingboro, N...
Terry Royce
Bonus Depreciation Items
Reviewing our 2018 books.
I am working on breaking out & reviewing our rental expenses.
There does not seem to be a comprehensive list of "bonus depreciation" items for the new tax laws. Different accountants I'...