Adam Smith
Colorado Real Estate Professional Designation for Taxes
I have searched the forums and have found bits and pieces of answers to my question so I thought I would ask to see if I can get a complete answer.My question is: Is it beneficial to be designated as a "real estate p...
Jason Deangelis
The Hard Money Process?
Hey BP community! My partner and I have our first rental property underway and were able to finance the deal with our own capital. We are now in the beginning stages of exploring creative financing for further proje...
Alex Sanchez
401K and DB plan reduce income tax through cost segregation
Before exploring this concept with a qualified legal and tax professional, I wonder if any of the community has anecdotal experience around taking a distribution from a 401K and balancing the earned income taxes with ...
Danny Randazzo
3 Lessons Learned from Raising $2,500,000 in 6 Days
If you are trying to raise any amount of money, these lessons will be important for you and are areas you can always improve. We are in the home stretch to close on 130-unit apartment community. Below are three lesson...
Account Closed
Calling all w2 professionals! What if you could pay ZERO in tax for 2024?
If you have ever used an AirBnB and are interested in investing in real estate, this post is for you! For individuals navigating the demands of a w2 job and grappling with substantial tax obligations, exploring the po...
David Woodside
500 hour rule - material participation
Is anyone familiar with the rule listed in the title and is anyone that has a full-time job in another industry using this rule? The first two CPAs I reached out to advised against this. Looking for someone who is suc...
Ben Lovro
Home Selling Mistakes to Avoid in 2024
Introduction
Staying ahead of the competition is crucial.With emerging technologies revolutionizing the industry, it's essential to embrace these innovations to market properties effectively.Virtual Reality (VR) and ...
Pete Harper
Do I Qualify as a Real-estate Professional?
I'm investigating if I qualify as a RE Professional for the IRS. I'm retired with no W2 income. Primary income is from real estate, investments, pensions and IRA. We currently own 38 units held in LLCs and privatel...
Jeremy Porter
Navigating the Decision: Should Landlords Allow Tenants to Perform Maintenance?
In the world of property management, the question of whether landlords should approve tenants to perform maintenance on rental properties is a common and multifaceted dilemma that requires careful consideration. This ...
Erin Auman
Estimating ARV and Rehab
I have set myself a goal this month of learning how to analyze deals well. One thing I am currently struggling with is ARV and estimating rehab costs. I have an agent who can pull comps for me, but when the comparab...