Hello BP community! My name is Charlie and I am a seasoned tax accountant and beginner real estate investor. I currently have one rental property in San Diego--a 3 bed 2 bath condo with a 10% cap rate (purchased in mi...
First, I'll lay out the facts and then I'll follow that with the questions...
The Scenario
1. We purchased a house for $467K as an investment property in January, 2022 (the 3rd in our portfolio and in no way would b...
Hello guys,My business partner and I just had our construction project completed by our developer with a condominium building consisting of two units (one unit has access to its own rooftop and another unit does not h...
Hello All,
I just wanted to take some time to introduce myself to the BP Community. I was introduced to Bigger Pockets when I started listening to all the BP Podcasts (which are great, by the way) and have be...
hey hey community! here is my situation. i would consider myself a small portfolio, intermediate investor who is trying to grow. I have W-2 income and three investment properties. two side by side two-family homes,...
I'm a bit confused but what it means for these companies to remit taxes on your behalf. Does this mean that I do not need to save an additional 30% in a separate tax account? Can someone explain what remitting taxes m...
Hey everyone, I was wondering if anyone had a recommendation for a good tax accountant in the central NJ area that specializes in real estate? Thank you!!!!
Scenario: I buy 3 properties in an LLC and the properties are rented with a net income of $30,000 a year.I leave that money sitting in a bank in the name of the LLC. Each year I use the entire rental proceeds to reinv...
Hey BP,My name is David Weintraub from San Francisco. I closed on my first single family rental in Las Vegas in November. I have been thinking about investing in rental units ever since my college professor showed me...
Hello Bigger Pockets!I am looking for suggestions on CPA's with Real Estate investing experience in Wyoming. Who have you had success with?Thank you!