Cheryl C.
Questions on liability issues of using "handymen"
Hello BP Nation! I need some advice. I plan to hire some college kids for general labor on a farm we own. The work will involve use of chainsaws, tractor, ladders, etc. I am worried about what happens if one of th...
Brian Orr
My mother wants to help
I'll preface by stating my mother is my 50/50 financial partner in our budding business. She has a long term corporate career in banking and auditing. I am handling most everything in our REI business except for bookk...
Carolyn McBride
STR Tax Loophole/Strategy So Close to the End of the Year?
I'm about to go into contract on a property I want to use as an STR. I’ll likely close on the property around early November and it will need small cosmetic updates, maybe a new deck, and of course new furniture set u...
Timothy Lewis
CPA vs. RE Accountant vs. RE Attorney for Tax Planning???
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...
Joe Abughazaleh
New Nevada HOA Laws for 2019
2019 Legislative Summary for Common Interest CommunitiesNothing in this document should be considered a legal opinion or legal advice. For clarification on legislative matters, please seek appropriate counsel. AB 31 –...
Michael Ehmann
"It's 2018, whatcha gonna do about it?" - March Recap
At the beginning of January, Brian Burke created a poste titled "It's 2018. Whatcha gonna do about it?" At the beginning of each month, I am starting a thread with a few others for the purpose of reviewing: What we ac...
Joel Oh
Write off luxury car under STRs?
Hey guys, thinking about purchasing a car this year and wondering if it is possible to write off a luxury car for their STR expenses.My tax advisor said that I will need to prove this car was used for the business.I k...
Jeffrey Haapapuro
Tax advice on property exchange
I had gotten into real estate with the intent of acquiring rental properties and didn't have intentions of flipping. As it turns out, last year I sold a rental property that I had owned for about 10 months and the mo...
Jennie Chen
using 1031 excess fund to do renovation possible?
Hi I am doing a 1031 exchange. 330K in the fund, only one of the 3 identified properties is going to work out, and on the form the value of the property was 200K, i will end up buying it for 230K. this property is cu...
Matthew Cervoni
How is your Bookkeeping going half way through 2022?
Hello BP! We are half way through the year and I am interested to hear how your goal to have clean & insightful bookkeeping is coming? If you're having success, what strategies are you deploying? What software are...