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Im a member in a 50/50 partnership LLC that flips homes. I have shifted gears from real estate podcasts and books to advanced tax books. I consistently hear that the rich tax savvy individuals buy property and equipme...
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Hey All,First time poster, avid podcast listener, and reader of everyone else's posts. I am a young CPA with a focus on real estate and I have decided to take an initiative of researching tax topics that real estate ...
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Just wanted some advice from you guys/gals...I am currently at a point in my rental portfolio where I am not sure what my next move should be. I honestly can't believe that in only 4 short years I am on my 4th proper...
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I'm a new rental investor and will hopefully be closing on my first property in a couple of weeks. I pieced together a deal analysis spreadsheet and did my best to estimate the repair and maintenance items that would ...
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I'm a new landlord and I can't decide whether I have to do my taxes at HR Block or shall I go to CPA.
Last year I brough my mother to the US from abroad (adding dependant), bought 2 houses, paid cash for both but too...
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Hello all-Would I be able to purchase a fix and flip project with 1031 proceeds? Below is just an example of a scenario.Original purchase price of rental home is $425K$400K loan balance$500K sale$15K closing costs$85K...
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Trying to decide how to file our 2018 taxes. Wife and I retired a couple years, except for the part about working all day, most days. We have a house that is and has been our residence for many years. We also have oth...
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if you’re figuring out the land value for depreciation purposes, can I use the Fair market value for the land? The county assessment taxes it at 59k which is WAY too high. A plot of land has sold for $8500, $10k and 2...
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Hey BP Fam,
I work for an operator in the Midwest and wanted to provide some insight to passive investors on the kinds of questions I find the most useful.
I am making the assumption you, the reader, have already d...
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My loan officer (not Penny Mac employee) is working with Penny Mac to secure me a loan on a primary home purchase. We started the process in late March, and we always provided everything they requested within 24 hours...