Han Park
Short Term Loophole Tax Strategy length of time requirement
How long do you have to use your property as an STR before you can use the depreciation for the property against your nonpassive income?Can I buy a property on Dec 15, STR it for the last 16 days of the year, material...
Michael Vilasi
Sending 1099 without formal registered business
Quick question and help needed from the tax pros/gurus in the audience. Thank you in advance. I have two long term rentals. I am not set up as an LLC. In 2023 I paid one contractor slightly more than $600 for HVAC w...
Brad Holub
Looking for Tax Advice - Spec Home
I am looking for a real estate tax professional/strategist. Back story: I entered into a 50/50 contract with a builder where we split the proceeds from the build and sale of a home 50-50.I bought a plot of land and us...
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.
Joel Schaefer
CPA for Rentals around Sacramento CA
My wife and I are moving to Auburn, CA (near Sacramento) and we are buying a three unit property to house hack. We are looking for a good CPA who is well versed with buying and holding rental properties. Any suggestions?
Eduardo Zepeda
Seeking joint venture advice in Bay Area
Hi BP'ers,I'm in contract to purchase a property in the Easy Bay, CA and I'm working with several partners on the deal. I'm looking for an attorney that can help with setting up a joint venture agreement between the p...
Harold Groetsema
Multifamily duplex question
How does Capital gains work if I purchase a duplex, live in one side as my primary residence and rent out other side. After 2 or three years I decide to sell duplex for say $60K more than I bought it for. Would I only...
Jon Delarosa
Taxes in Operating Expenses
Hello,New to this experience and learning as I go. Looking to turn my residential property into my 1st rental property and trying to look at numbers to see if it makes sense. A book I’m reading mentions “taxes” should...
Keith Tidwell
RFI - Asset Protection Lawyer and CPA in/around NorCal
RFI - I live in Walnut Creek, CA and work in San Francisco. Looking for referrals for (a) an asset protection attorney and (b) a CPA, in each case, who are familiar with the needs of a CA-based individual investing i...
Muhammad Kashif
Ways to optimize taxes on new investment construction (built for sale)
I am considering working with a property developer in NJ to buy land, build a duplex/triplex and sell it (6-9 month time horizon). Is there any creative way to avoid/reduce capital gains tax on the sale ? From what I...