We are thinking of getting a cost seg study for an SFR that's a short term rental. We got an analysis from 2 different companies and savings wise it makes sense. However our CPA won't do it he says he can't stand behi...
Hello, all!
Well, we are under contract for our first of hopefully many multi-family investment properties to create a buy-and-hold portfolio.
Here's the issue. The seller grossly underreported the tax...
Hi all- I’m in a unique / fortunate situation where I’ve found some older homeowners looking to remove the burden of managing a rental property that are willing to seller finance their property to me at $0 down and 1%...
Of course, I am involving my own tax professional for my personal tax returns but I wanted some insight from the rest of the community here. How do you look at your taxes in relation to the effect they have on purchas...
Hello BP family!! I have been reading a ton of books lately just like @Jesse East (Tax strategies for the Savvy Real Estate Investor & Advanced tax strategies...) I have been anxiously awaiting my turn to talk to...
New to being a landlord here. So I am in the process of evaluating an application from 2 sisters who will be on the lease and living together. One of them has good credit (730) and good income (4x rent), but the oth...
I am looking to switch accountants since mine made too many mistakes last year and doesn't know enough about deductions related to rentals. I currently have 4 rentals and put an offer on a commercial property that is...
Hi,
I am a physician employed at a university hospital with W2 income. I have 403 and 457 retirement accounts through my employer.
I plan to get my real estate broker license this year and I wonder if I am eligible ...
We purchased an ocean front 4 bed 4 bath condo on the Space Coast of Florida 4 years ago for $620,000. Our interest rate is 2.8% putting our mortgage at only $1,880. HOA dues are $1100/mo but expecting them to incre...
Hello everyone,
I just wanted to take the time to introduce myself as I am a newbie to this community. My name is Jay, I graduated with a bachelor's in Finance and am currently pursuing my Master's of Healthcare Ad...