Mike Sola
negative cash flow but postive ROI through taxes
Hey everyone!I was listening to BP episode 335 or 334 and I heard something interesting. The speaker mentioned that either he or someone he knew invested in a very expensive property which had negative monthly cash fl...
Raquel Baranow
IRS is Auditing My Real Estate Business
My business is buying vacant land, cheap through tax lien foreclosure and then selling it. I own 125-vacant lots. Business is BAD, I haven't made a profit in years. I was holding some of the lots for investment but th...
George Lay
Saving Money in Canada to maximize your downpayment.
I’ve been teaching people this for over 20 years. Here’s the answer. You should save your money in this order to maximize your savings…. 1. Leverage2. RRSP3. TFSA4. Non-registeredOf course it depends on your unique ...
Jim Keisker
GOP Blueprint for Overhauling U.S. Tax Law, A Better Way?
I am very much a rookie in the real estate investment game and am just starting the process of buying my first rental property. One of the ideas that sold me on real estate investing is that real estate is a "multi-d...
Kenneth LaVoie
Insurance amounts
Hi All
I am trying to determind a couple of things about landlord insurance: Specifically, how much do I REALLY need. I use State Farm, and have been for years and years, but I am getting some more quotes right now. ...
Alejandro Padilla
New ADU never placed in service
When do I deduct the build cost of an ADU if it was never put in service. For reference I built the ADU on an investment property, I no longer have the funds to finish and plan on selling the property.
Account Closed
Ask me questions on Real Estate Tax Strategy or Investing. Answering all Questions.
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...
Jeff Callicutt
DP2 or DP3 Insurance
I have Allstate Insurance now and paying more than some quote that have come in. Also have 1k deductible with Allstate. They also have me on DP3 insurance. I have a quote that came in from Farm Bureau that is 1k per y...
Nathan Shaffer
Pre-In Service Property Taxes Chargeable to Capital Account?
Hi Everyone,I love this site for all the helpful insight, but I haven't found an answer to my specific question (here or on the IRS website).I bought an owner-occupied duplex in 2017 and it took 1.5 years to develop t...
Ivan Souvorov
How do I avoid paying tax a private loan return?
Hello all,A few years ago I let my friend borrow 40k for a real estate project.A good portion of those funds are being returned to me this year.Is there anything I need to do specifically with the IRS to avoid paying ...