Hello BP,It is time for me to renew my contract with our tax strategist/financial advisor. We are upgrading our services to have them take over our accounting and book keeping as well. We are happy with their services...

Looking forward to input on this.  I would like to know exactly what is and what isn't a business expense at tax time (for an investment property) when it comes to the fees at time of purchase.  These are the obvious:...

We have 2 options now that we're selling our home and cashing out enough money to pay our daugher's college fund. We have a 403B account in my wife's dad's name that is over $300K that is only drawing 3.5% interest. S...

We are doing a hard money 12 month loan for a fix n flip and our closing costs are over $10,200. Purchase price is $121k. Is this standard for hard money or too high? 

Okay, I bought a new rental property and had the seller pay 2% of closing costs (max allowed by my lender).  Under the new Closing Disclosure form (no longer the HUD form), it shows nothing specifically paid by the se...

Hi All -Anyone have experience creating an LLC for building and managing a new ADU construction? Did you find it beneficial vs not creating the LLC or any type of pass through entity?Listed some of the tax benefits yo...

how much  should i set aside if i get $10k wholsale fee?

Hi,
I’m currently living in Orange County, CA and would like to work with a real estate CPA to do my taxes and optimize/evaluate my tax returns from previous year.

I’ve always done taxes by myself using TurboTax in...

For those that live in New York (NYC) and invest out of state through an LLC, do you know if there are any additional costs to have an out of state LLC while still living in NYC?I know CA for example has a high extra ...

Hi everyone,Wife and I purchased a vacant lot with the plans to build. We decided to go a different route. we purchased in may of 2022 for $80k. We invested another $20k for improvements, draftsman fees, permits etc. ...