Ngoc Mai
What are the important documents a living trust should have?
We are in the process of setting up a living trust, but we are not sure what are the important documents we should include in our trust to protect our kids and our investments?Thanks in advance for your responses?Ngoc...
Kevin Ogbu
Looking for recommendations for tax professional (metro Atlanta)
Hi,
Unfortunately my regular tax professional's health has apparently been affected by COVID19. As you could imagine preparing tax returns is the last thing on her mind right now. I don't know when or if she will ev...
David Frost
Cost Seg Tax questions
I have multiple SFR properties in different states, all under my LLC. I am not a full time real estate investor and have a day job. Can I use cost seg studies to accelerate depreciation and offset my personal taxes? O...
Scott Johnson
Paying Pros in whokesaling due diligence. Is it worth it?
This is likely a dumb question, but my mentor in Driving For Dollars Wholesale trained me to learn as I go when doing repair estimates for wholesale deals and use online calculators.My goal is to develop automated pro...
Account Closed
Can someone help me define what "Active" Real Estate Investor
I know this really sounds like a dumb question. My husband and I acquired our first rental property last year and we got very few write off's and our tax bill in general was very high. I tried to do some research.
...
Account Closed
Tax Strategy Advisor Recommendation
Hello BP & other Wisconsinites/Madisonians,
I've tried a few different CPA's for tax prep the past few years and haven't been thrilled with their RE knowledge, but am now looking for a qualified tax strategist. S...
Tait Duryea
Real Estate Professional (750 hr) Log Samples
Hi all,I’m an airline pilot who owns a number of rentals and intend to begin using the Real Estate Professional tax loophole this year in order to take real estate losses against my ordinary income. I’m in a unique po...
Ivett Soti
How to calculate tax implications when investing in real estate?
Hi,My husband and I are trying to purchase rental real estate properties. We are just learning about it, but our plan is to buy a few of these properties (ranges between $80k - $150k) in the next couple of years and e...
David Czech
Tips on restoring a bathtub? Best course of action?
A tub in my unit has had paint chipping for the last year. I have tried using the paint sealer that's available in Home Depot, but it only seems to last around 8 months before it start chipping away again. The chippin...
Account Closed
DEED-IN-LIEU no longer option for new note holders in NJ???
Does anyone know if recent changes in the New Jersey Statutes include the elimination of DEED-IN-LIEU as a viable option for new mortgage notes, when the note is in default?Thanks in advance