I am 2 yrs from retirement and have a SFR rental, a condo, 2 duplexes, (both 3/2's) and a personal residence all in Ca. Rentals are all north of Sacramento and my residence is technically ' sf bay area' but right ...
I’m having a cost segregation study performed this year that will essentially allow me to reduce my taxable income by 20% of the purchase price after subtracting the cost of the raw land. My question is can I still d...
I live in Southern California where we're lucky to have a number of long-running investment groups. No matter the topic, I enjoy attending meetings to meet other investors face to face. This week I've been busy - atte...
Hey BP family ! Any CPA’s out there lol . I am a new investor and I have been taught the formula goes like this Income-expenses = cashflow but, my question is do you pay taxes on that “cashflow” ? If so, how much sh...
Good day everyone. Newbie here and asking for some light.My spouse and I are travel nurses from FL. We are almost finished rehabbing a LTR we closed last March 2022 and are planning our next purchase.We are thinking o...
Ok so I hired my son to work on my rental , he is 17. Some of what he does is not 1099 work but employee work so we should be withholding taxes and sending to the IRS. can anyone recommend an inexpensive service...
So I make over 150k in W2 income and should continue that for the foreseeable future. Given that, how can I take advantage from a tax perspective of losses on passive activity from owning rental properties? I imagine ...
If you own commercial real estate property, you are probably well aware of how much property taxes can eat into your profits. Finding a professional that understands how to help you minimize your tax liability while a...
Hello all!
We recently purchased a property with the intention of holding it as a rental. Property went under reno for 4 months and fully updated everything. Its been sitting on the market as a rental for about 2 mon...
Hello! I am currently 33 years old and most of my investments are in the S&P 500 as well as other index funds. I am considering selling some of my stock (between $50k and $100k) to put a down payment on a rental p...