Gregory Schwartz
Real Estate Professional
I have a question about being a "real estate professional" for tax purposes. Do I qualify, if a work as a property manager (W2 pay) and manage/ workout my own 4 plex on the side? I intend on growing my portfolio and w...
Vitaly Gurevich
New investor in Jacksonville
Hello all. I decided (contrary to my habit) not to take a too long reading journey before beginning to write, so am introducing myself merely a month after coming across this wonderful community.
My name's Vitaly, I ...
Aaron Moayed
Anyone Actually Able to Depreciate?
It seems like a lot of people here are getting about $100-200 in + CF for SFR. Anyone have tax strategies to take advantage of being able to depreciate the property? Depreciation allows for much more than this, so I’m...
Scot Leavitt
capital gains and opportunity zone investments
I am in the process of selling my C corporation. As it stands I would be tax at the corporate level 21% then the proceeds will flow to me as capital gains. I would then be taxed another 20% totaling 40%. Is it possibl...
Shannon Shue
4 Plex in Adams Normandie near USC
Investment Info:Small multi-family (2-4 units) buy & hold investment in Los Angeles.
Purchase price: $980,000 Cash invested: $49,000 + renovation costs (to spruce up the vacant unit)4 plex in Adams-Normand...
Philip Small
Buying property as a partnership
Hi! My wife and I are looking at buying our first investment property (in PA). We would like to include a good friend as a partner. We have similar investment goals and know that we should put everything in writing pr...
David Pike
Bonus accelerated depreciation on a fix and flip
Hello,I have a question related to getting accelerated depreciation. Assuming I meet the IRS guidelines for a real estate professional, can I do a cost seg and claim accelerated depreciation for a fix and flip propert...
Daniel Lehrman
Need CPA accountant in Phoenix/Tempe area!
Hi everyone!
I just closed on a house in Tempe that I intend to live in and Airbnb the guest house. I also intend to convert my current Phoenix condo into a LT rental.
I'm looking to meet with knowledgable CPA (p...
Jayleigh O'Leary
Primary residence turned cash flow rental
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $250,000
Cash invested: $270,000
3 bedroom 2.5 bathroom new construction home that we bought as our primary residen...
Johnny Quilenderino
Steps in the process
Good morning BP,I am thinking about selling my Boston SFR for a MFR in Norfolk Va. A couple questions that I have are as follows:When should I inform a QI that I intend to execute the exchange?- We intend to place the...