Adem Tahiri
Depreciation on tax returns (rental property)
I sold a rental property this year and have to account for depreciation I took in prior years. Which form of my prior years tax returns would have the correct amount that I should account for recapturing now that the ...
Brian H.
Tax strategies when you start making a bit more...
Howdy everyone. Hope you are all doing great!So, this year, I will make around $140k on paper. I make right over $70k at my day job (with... no benefits, yes I know, moot point) and my rentals will pull in right arou...
Landon Evans
Cost segregation study for a single family short-term rental?
My family owns a single family home and has recently considered renting it on AirBnb. This is a unique property as it is on a lake and has a private dock. It is also a double-wide mobile home so I feel like a cost seg...
James Kandasamy
Tax rate for Flippers and Wholesalers
i was told by my mentors that the tax rate is very high for the capital gains for flippers and wholesalers compare to landlord. I understand the landlord part clearly, however does not know how much tax does a flip...
Francisco Milan
Has anyone gotten blueprints done online ?
I saw some guys that do blueprints online but not sure if they would work for Phoenix city as far as the correct requirments? Has anyone gotten blueprints online?
Account Closed
Ask me questions on Real Estate Tax Strategy or Investing
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...
Christine Lovett
Partnering with estate sale company?
Was brainstorming alternatives ways to gets leads on properties to wholesale/flip. Anyone out there in the BP world partner with an estate sale organizer or any other type of business to generate leads?
Funeral home,...
Gina Martin
Pest Control
Is it legal for the Landlord / Owner to do the Pest Control themselves on their rental properties, rather than paying a professional??
Tyler Caglia
What’s the legal structure of YOUR portfolio? -no opinions please
We’ve all seen the dozens of opinionated posts about LLC vs. no LLC, maxing out personal umbrella insurance vs. creating legal entities, whether it’s worth it to create holding companies, pros/cons of series LLCs, and...
John Carr
First Time House hack, Do I need more help then my HR Block tax person
Hey Team,Quick run down. I live in my PR located in IL, but bought a home in FL with my daughter which she is house hacking. We are renting out 3 rooms atm. Since I make well more then my daughter, the plan was for me...