Hi All,I bought a SFR in the KCMO area back in January 2021. It has strong cash-flow but has also appreciated quite well. I am struggling to understand how to pencil out at what point the correct decision is to "trade...
My wife and I have kicked around downsizing from our rather large paid off home to something smaller and then using some of the cash received after we pay off the smaller home for RE investing. I wondered, though, ...
Hello everyone,My wife and I are going to be starting new jobs. We are in our 20's and we will both be W2. We will be very far into the 39.6% federal level. We were interested in real estate investing to help offset t...
So I have $200K liquid in the bank (I have my own company) and I earn about $260K a year (before taxes).
By my calculations, if I buy a $250K condo in a well sought after part of the city, and pay it off COMPLETELY i...
I have a property that I want to sell and do a 1031 exchange into another property of lesser value. I want to confirm my understanding of the 1031 exchange rules are correct.Exchange property: Cost basis is $205k; Sa...
Hey guys, I’m just getting started on my real estate investing journey. I work in analytics consulting and have managed my finances and investments well by myself. 401k, investment accounts, high yield savings account...
Hi all,I'm nearly done with my taxes so I want to start prepping. Looking to buy in the summer or near the end of the year.I may actually qualify for a traditional but I need some advice.Right now I'm a hybrid w-2 and...
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...
My wife and I purchased our first property in 2013 and just closed on the sale after renting it out for 4 years. We made $170,000 on the sale of the house. We want to invest most of it in real estate. I'm an Apache He...
Guys,
I have been thinking about taxes lately and have come to realize that they will hit me very hard if I do not proactively find a solution. I trade the markets with with few expenses to deduct and will be in the ...