My husband and I are both doctors and have high six figure income from our practices. However, most of our income comes from managing other doctors working for us rather than us personally working clinically in our of...
Have you ever had an emotional tie to property? What did you do about it? How did you weigh pros Abs cons?
I’m not *really* a newbie at managing real estate, but definitely never looked at it as an investment the way...
Anybody know of a Tax Advisor/CPA to help with tax planning? That isn't afraid of helping drastically reduce tax liability, legally? After receiving my 2020 tax bill, and reading this book, I've came to the conclusion...
There are many real estate CPAs in the USA and general CPAs that also handle real estate taxes. How do you evaluate a competent real estate CPA?
Hi,I am looking at a few areas in South Florida, it seems every local municipality has its own regulations. One area is Palm Beach Shores. The local municipality says no, however there are 100's listed in this area ...
Hello BiggerPockets!I am seeking some advice relevant to when to bring a CPA onto my team. I have provided an outline of my current situation along with the direction my partner (@kanwar sodhi) and I intend to go belo...
When a property owner is multiple years behind on property taxes, can he/she sell the house with the back taxes still attached? Or is their on option to pay the taxes then sell?
Everyone says real estate is a tax haven, but I'm wondering exactly what people mean when they say that. In my analysis I see real estate income taxed at a lower rate than my W2 income, but not decreasing my overall t...
I am new to the taxation side of investing, here's where I am at. I waited until the last minute, then filed an extension(good). I used a national tax prep company (bad), and I am certain they missed a lot of deductio...
I was just notified by my CPA that a 1031 exchange might not be the best way for me to take money from the sale of one property and buy another property. He said it could cost me more in leagal fees than it would sav...