Hello, I am looking to connect with a CPA, preferably in the San Diego area but remote works just fine! I would like to set up the accounting for my rental unit correctly while I am still pretty fresh (just got the du...
Hey everyone,2022 was my first year as a full-time REI and the first year I claimed "REPS" status.What tool/platform/process does everyone use for this? I logged my hours and tasks in google sheets but I'm sure there ...
Hi I’m a long term investor who has two properties in CA that I’m planning to liquidate and invest out of state (I also live in CA). Not sure on exact markets yet but looking closely at Memphis and STL. I believe a SL...
Hi everyone,
I’m looking into starting some investments, and I have find a few potentials. The thing is that I can’t make up my mind. One is a lot of land that is sitting in a perfect spot for what I’m trying to acco...
If we resided in a property for 20 months in the last 5 years, does the IRS consider a "partial" capital gains tax exemption? Or is it a binary designation?
Hello,I am new to the world of syndication (LP investor) and want to understand how taxes at a high level for syndication as LP before asking individual specific questions to my CPA.Notably, I want to understand how p...
Greetings BP Community,
I'm an avid Real Estate investor alongside my role as a W2 employee, and I'm currently seeking a financial advisor, preferably one who operates on a fee-only basis. My aim is to develop a ...
I have a complicated legal easement issue in California. I own a lot that is land locked. Researching the history it had legal right of way in the 1940’s before the state highway was moved. We border the old state hig...
Hi BP,I’m from LA and I’m thinking of creating asset protection for my rental properties but I’m not sure how to avoid the CA franchise fee. One legal company that I talked to said to create an LLC on the state where ...
My friends and I are considering a large mult-family project that would involve significant financing. We don’t have experience wth projects this size. We want to ensure we’re considering potential pitfalls and optimi...