Peter Fokas
Real Estate Professional - how to achieve 750 hours?
How many properties does a person need to hold to justificy 750 hours? For example if you own a two family house and rent both units it would be hard to justify that you worked 750 hours to maintain this. IRS does not...
Dan Kelley
Deduction: May be superior to home-office deduction?
I learned of this deduction at a real estate training. It may be common knowledge to you all, but I mentioned it to my accountant and she had never heard of it. Let me know what you think!Rather than using the "home-o...
Larry Flanagan
How much should I be paying for tax returns?
I have an S-corp that rehabs and I own a few rental properties personally. I turn over my Quickbooks for the S-corp and a spreadsheet for the personal stuff. Its pretty much fill in the blanks for my tax returns. W...
Account Closed
do you check your CPA's tax filing documents?
I never looked at the files that my CPA was submitting for me. Now I started to look for the previous returns and I've noticed that the stock transactions were not reported and several other small things. This presuma...
Brian Boyd
Lawyer Willing to Answer Newbie Questions
I see a lot of new investors seeking advice. How I can I help?
Disclaimer: Your state laws will vary but I can point you in the right direction.
Ian Davies
High IRR Multifamily Funds
Hi thereDoes anyone know of any good funds or projects with high IRR apart from the ones on crowdstreet and realtymogul?Thanks!
Jordan Schneider
Help with property management a service please
Hi there:!) Do you have a service we could hire someone on your team to audit a property management records? Or do you know of a service that we could hire to audit our property manager we have 20 unit apartments full...
Llewelyn A.
How to Handle Charges on Personal Credit Cards
I would like some opinions on something that probably happens every day in the life of a business person.Let's say hypothetically, you own 100 Main Street, LLC.You were denied a Credit Card so all you have is a Debit ...
Ryan Moore
New accidental REI in Syracuse, NY
Hello, My name is Ryan Moore and I have been an accidental real estate investor for the last 5 years. Due to a work relocation I had to rent my first home. I thought I was making a long term move and ended up buying p...
Michael H.
506(b) for my small syndication deal
I recently closed on a property late last week where I pooled money from friends and family of $450,000. The structure is very fund like so it falls under "selling of a security". Unfortunately, I had not looked into ...