Matthew Olszak
Security Deposit "Short-Term Loans"
Let me preface this by stating that I usually require the deposit (non-refundable) upon lease signing and 1st months rent prior to move-in. Not really looking to get into that discussion.An idea popped into my head th...
Thais Derich
Does anyone have a savvy real estate CPA?
Hello! I'm looking for a CPA that specializes in real estate investors. Someone who can maximize my tax savings. Do you work with anyone that's just wonderful. I'm in CA but out-of-state is fine.Thanks,Thais
Amy Raye Rogers
HELOC > BRRRR
The following is a few reasons why we've used lines of credit to scale our portfolio as opposed to using the BRRRR method. The BRRRR method is a great tool, but has certain drawbacks that are accentuated in the curre...
Wences Lopez
I’m Building an ADU at my primary residence
I’m in the process of building an ADU at my primary residency.
What’s the pro’s and con’s about it? I want to hear your experiences with ADU’s if they’re worth it or not, besides rental income coming in how much woul...
Lisa Wright
First year Realtor taxes
Do you guys think it's something I can DIY through turbo tax? Or do I need to hire it out? Tell me what you know. What should the price range be if I hire it out? I saved a good portion of my profits for taxes. ...
Jason Turo
If you could go back, what would you ask your CPA/attorney?
If you could go back to when you started planning your business, what questions would you ask your CPA and attorney when starting out a multi-member LLC for a buy/hold business?Here’s a few examples: Any advice on se...
Julio Gonzalez
Cost Segregation Study on Hardware Store
If a Cost Segregation Study had not been performed on this Hardware Store located in Clinton, Iowa that was purchased in 2020, it would have had first year depreciation of approximately $23,900. Thanks to the Cost S...
Thomas Magill
First Duplex is in the books
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $10,000
Cash invested: $310,000
I bought this land as a part of a package of 4 lots that were turned into 7....
Julio Gonzalez
Cost Segregation Study on SFH in Miami
Without a Cost Segregation Study, this $595,685 Single Home in Miami, Florida purchased in 2020 would have generated first-year depreciation of approximately $22,000. By applying a Cost Segregation Study, the prop...
Jayden Hamilton
How can I write off my home office as a business expense?
Hello fellow investors, I was curious about writing off my "home office" as a business deduction for tax purposes. What are the necessary steps to make sure I get this deduction? Thanks.