Not all CPAs are created equal, and I'm firing mine because he's good for simple tax/accounting matters, but he's not a tax strategist. For instance, he didn't maximize my depreciations. Most of the CPAs I'm coming ac...

Hey BP!

I been looking at luxury vacation condos in Mexico. So the hotel handles all bookings, management and cleaning and split profit 70% investor-30% hotel. The Roi is between 10-13% depending on the bedrooms and ...

Hi,I am looking for referrals to a CPA in Ohio to help me get myself set up as a new landlord and to file taxes for 2020 tax year and beyond. I am a CPA myself but tax is not my expertise and want to outsource annual ...

Hello BP World!When it comes to handling Real Estate tax, I consistently hear 3 different titles of tax professionals/specialists thrown around: RE Accountants, CPAs that specialize in RE, and RE Attorneys. I'm lookin...

Hello,This is specific for investors located in Los Angeles County, CA. Does anyone have experience changing title of a property from a trust to an LLC? How did that affect your property tax? I tried to reach out to t...

Hi everyone. I am continuing on my journey to learn as much as possible while maintaining my schedule to purchase my first property before the middle of this year. With that being said, I have increased my search effo...

8 months ago a prospective tenant called me about a STR.  After a 3 minute conversation he decided he wanted to stay there.  He shows up 3 hours later in a taxi.  It's apparent he has dementia.  He is a 70 year old Vi...

I currently own and live in a two family row home. I live in one unit and rent out the unit. I report the rental income on schedule E on my personal 1040 along with applicable expenses (ie 50% of the yearly property t...

Hello Everyone,I just started listening to the BiggerPockets podcast about 2 weeks ago and have listened to the 10 most recent episodes.I'm currently reading Brandon turner's, "The book on rental property investing."
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is there any one with experience.i came across a great deal in upstate ny multi unit rentall portfolio owner is ready to sell the LLC (saving transfer tax)is anyone experience how it he's to go as far as the closing. ...