Bobby Balow
When to Start Depreciating Properties? Pros and Cons?
Good morning all! Had a quick question about when to depreciate SFH rentals which we are currently buying and holding long term.My wife and I are on contract for our 4th property (2 with a mortgage) and we've been ask...
John Foley
Creating an LLC for a Foreign Airbnb Property
Hello all! Hope some of you can clear up a few questions I have. Here it goes:
My father owns a vacation home in Ireland that sits unoccupied for 345 days a year. I am proposing to him that he let me Airbnb out the h...
Michael Mackney
Cost segregation study on a property from 2022
Hey everyone, I'm starting to dive deep into the tax benefits of REI and I had a question regarding a cost segregation study and accelerated depreciation. I purchased a long term property in 2022 that has been run by ...
Bryan Sturman
Is it worth creating an LLC just for wholesaling?
I'm not sure if it would be more beneficial to keep all money earned from wholesaling properties separate from my income from my everyday job. Just looking for some advice on what the better play is with that.
Gabriel Valladares
Second Home Tax Deductions Help!
Hi Everyone!I have a unique situation and looking for advice. Long story short, I am Active-Duty military, got divorced and my ex-spouse was granted 25% of my future retirement. As of this year I worked a deal with he...
Alex Schredl
Searching for CPA for 2020 Tax Year
Hello everyone,Haven't been on here for a while - been super busy with work and managing my properties!For the 2019 tax year I took a recommendation on a tax professional that I couldn't regret more at this point. I d...
Alejandro Bautista
Recommendations for new gig
Good evening! Wanted to inquire from a few experts on what route to take for a side hustle I plan on running out of my garage. My wife and I are past 150k W2s and I also have an S Corp out of IL for rentals I own. Wh...
Jay Pillalamarri
Tax Strategy using property management co. & title transfer
My mom owns a rental on her name (its 100% paid, no loan). If she transfers title to LLC (owned by her), can someone verify the following pros and cons? Pros are the (1) tax savings (through depreciation, repairs etc....
Joshua McMillion
Seeking a CPA in the Huntsville, AL area.
Hello BP Family, I am looking to find a tax professional that can grow with my family and interests in the Madison-Huntsville area? If you know anyone that focuses on real estate investing (preferred they invest too) ...
Lauren M.
Hiring CPA vs. DIY to prepare taxes
I've prepared our taxes for years using software like TurboTax. Our tax situation is pretty standard, but in addition to a W-2 from my husband's employer, we own two small "businesses" - a freelance company and a real...