James Kandasamy
Achieve Investment Group Closed on 174 Units in San Antonio !!
BPers, Yahoo !! We are happy to announce that Achieve Investment Group has recently completed acquisition of 174 Units Value Add Multifamily Apartment in San Antonio. The property was bought way below market value us...
Ryan Tyree
Help understanding a LP K-1 net loss
I invested in 7 syndication funds in 2023 as a limited partner with the expectation that I would generate first year losses from cost segregation that I could use to offset my gains on my personal real estate investme...
Account Closed
From Self Preparing to Hiring A Professional: Recommendations
Hi BP!I've searched the forums and blogs, but I didn't quite find what I was looking for. I'm currently in FL but will be purchasing a house and relocating to OH for work starting next month, January 2017. My husband ...
Ryan Moran
Accounting for a dummy - how do I keep track of my first rental?
Accounting dummy here. Not that it's any excuse, but as a young guy with very few expenses I haven't felt the impetus to keep track of my personal finances in any way other than the resources provided through my onli...
Jane Dang
New fence replacement on rental property is deductible or depreciation
Hi,My rental property is a single-family home. I had to replace the fences after a strong storm last year, which costed $4200 in materials and labor. Is it possible for me to declare it as a repair and deduct the expe...
N/A N/A
Cost Segregation???
Hello, I recently bought a small store just outside of LA, and my accountant was telling me if I wanted to save some money on my income taxes for next tax season, I should consider a Cost Segregation Study. He told me...
Andrew Edwards
Information on Chattel Appraisals
I have several multi-family properties and I'm always looking for ways to increase my cash flow. Can we start a discussion on Chattel Appraisals?
Who has used this and would you recommend using this strategy?
Can yo...
Charlie Moore
Property management question
Can the owner of a home, a rental home, hire out his friends and FAMILY to be his property manager?
Sean Brennan
Do any of you active investors do your own taxes?
Or do you hire a CPA?
I have always done my own, even since I've been self employed... but I am thinking that if I create an LLC and start doing deals it will probably be a good idea to get a CPA.
What do you think?
Jason Riddle
Categorizing transactions not related to a specific property
I have the following situation. I have two properties, each in their own LLC. If I have an expense that's only related to one property, say a utility bill, than I can expense it under that LLC. However, sometimes I ha...