Jamie S.
Best way to determine basis of a rental property conversion?
I need help figuring out how to determine the basis for a rental property. I purchased and lived in the property for a number of years and did a lot of renovations. I also built a garage apartment that I am now rent...
Jim Munoz
Buy and hold multi-family in Tijuana, Mexico
A possible lucrative real estate opportunity with great potential has literally fallen into my lap in recent weeks. The difficulty is that the property(ies) are located in Tijuana, Mexico and I just don't know where t...
Aaron Smith
Capital gains
BP Tax Gurus,My question is regarding short term rehabs. I know that if you hold a property for greater than 1 year, its taxed at a long term capital gains rate (15% for most people), and less than a year, it is shor...
David C.
How have you found their "rockstar" CPA ??
I apologize in advance for the grammatical error in the title. After revamping the title, I could not change it. It should have read "How have you found YOUR "rockstar CPA"..... To the question at handI have read sev...
Jonathan Stevens
Legal Zoom for setting up an LLC
Wondering if anyone has tried or has any experience using legal zoom to set up an LLC? Did you find it convenient and useful or not? Is there another path I should travel?
Ren Lok
How to find the right CPA
So we hired a CPA for the 1st time to do our 2022 taxes.After they completed our taxes, we wanted to see if a cost seg would be beneficial. But to even start the conversation they wanted to charge us for the time. Is ...
Jeff Piscioniere
Investing in VRs through a self-directed IRA
Hello everyone!
Has anyone done or thought of attempting buying vacation rentals through the investment of a self-directed IRA? Specifically, I have been researching the concept of a self-directed IRA LLC with check...
Arie Guerra
Tax Law and Financial/RE Planning
Hi! New Bigger Pockets member who is looking for *serious* financial and RE guidance. I currently have a CPA (only handles taxes and offers standard tax deductions advice) and a wealth manager at Abacus (handles retir...
Allen Tracy
School Board vs Franklin County vs Me (Repost)
I posted this in the legal section of the forums but since it's Columbus based I thought I should warn investors in the Columbus forum.Anyone else have to go through a tax appeal hearing and have to pay back taxes on ...
Denise Holder
held the loan, now they're defaulting
Hi,I have a friend who owns a small trailer park. He sold it to another guy and held the loan. Now he has discovered that the guy hasn't paid the taxes on it for about 5 years. What advice would you give him. Thank you!