Brian Ploszay
What was your worst eviction?
I just got through an eviction. I won the possession order and then paid her $600 to leave, just so she wouldn't wreck the place anymore. After I got in, it was mostly tons of trash left behind. But it was so infes...
Alex Breuer
Advice! Sell or rent? Tax burden?
Im looking for advice on what to do?I bought a condo for 80k in Dec.2018.My original plan was to rent it out. (after calculations ill cash flow 500.00 monthly)Ive been working on the property and i had a visitor the o...
Rocky Griffin
What is my 1031 Basis?
I purchased a home for $7500 at auction. I have put $25K into the rehab of this property and am about to list the property for $70K. What is the basis when finding a "like kind" property of "equal or greater value?" T...
Account Closed
Ask me questions on Real Estate Tax Strategy or Investing. Answering all Questions.
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
Josh L.
Fixture- Who gets to keep what?
In my rental, there's this open loft /room that used to look like this:Tenants in the past used that space as another bedroom even though its small and didn't have any closets. But, the biggest hurdle to using it as a...
Joseph M.
1031 Exchange into a Fund Like the Ones on Fundrise
Can you do a 1031 exchange from a rental property into funds like the ones on fundrise.com?
Ed Lopez
High maintenance renters....what to do
Hello, I was hoping to get some advice on what to do with my renters and property management company. A little background, we had a home built in 2012 in an A neighborhood. It was our primary residence until January...
Account Closed
In a drought--to sod or not to sod?
Looking for suggestions from others rehabbing properties in Southern California and dealing with landscaping choices in light of the ongoing drought:I have an upcoming flip in San Diego in a neighborhood with a lot of...
Tim Richter
Dealing with mice - what do you do?
Hi everyone!I’ve been owning my first multi family for just over a year now. My girlfriend and I live in the upstairs unit and we have a tenant in the downstairs unit paying rent. Throughout their tenancy I’ve receive...
Danielle Cage
Creating an LLC - use my CPA or diy?
Hey all,I'm finally at the point where I'm going to file for my LLC. There will be four members (all close family) involved. I'm in Illinois and the cost to fill out the paperwork myself is $500. My CPA will do it for...