Real estate can be a rewarding investment, but it also comes with various financial responsibilities, including taxes. Fortunately, there are several tax-saving strategies that property owners can utilize to maximize ...

Years ago, I was at a CPA conference, and the lecturer finished 30 minutes early. Unheard of, I know, but it did happen. He asked us what we wanted to learn in the remaining 30 minutes. And 300 CPAs in the room almost...

Hi all, New to BP community and have noticed not many posts mention architects (say in contrast to CPA, legal, contractors, lenders, etc). I am a licensed architect and an aspiring investor (Chicago) and am using my b...

HI All,I just closed on my first deal about 4 days ago and I thought I would share the info with you and ask for your input on the deal.  The house I bought is a Duplex in Raleigh which I will be owner occupying in on...

I have a prospective renter who has a recent DUI. I use the Smartmove app to screen. Does anyone know if the Smartmove flags DUI's. If the app automatically rejects because of DUI, I would not want him to waste his mo...

Hi,A friend is seriously considering building a detached 600 square foot ADU in their backyard in Southern California (specifically the Westlake/Moorpark area in Ventura county). It will have separate metering (electr...

I got a call the other day from a cost segregation firm.  He estimates that I can use bonus depreciation to get effectively $900k of depreciation in the first year.  This is due to taking advantage of bonus depreciati...