Joseph James
Cost segregation study on a $500k duplex - recommendations
Good afternoon, BP investors. I have a duplex purchased in 2021 that I am thinking of doing cost segregation study on, to capture bonus depreciation for the 2021 tax year.It is a duplex in the Miami, FL area that I b...
Ben Kirchner
Use TurboTax or hire CPA?
I've always used TurboTax for my taxes. Been acquiring rental properties over the last 3 years and still get by with TurboTax. The time commitment is not an issue with me, but I certainly would be open for hiring a ...
Jonathan Lilly
Tax/Investment Question
Hi. I work for a small Engineering firm where we have a Simple IRA plan. The maximum tax deductible contributions for this plan are $11,500 per year. I have always tried to contribute this amount every year, because, ...
Zachary Himes
Cash out an investment to pay off student loans - Avoid Cap gains
Here is the situation:
I am 20 years old, I invested in bitcoin at $7000 a couple of years ago, I'm planning to cash out soon in order to pay off my student loans (64k total between both me and my fiance). Me and my ...
Oleksandr Ivanovskiy
Finding experienced Real eastate CPA
Who would you recommend for CPA?I’m looking for CPA who works with real eastate investors.I have talked with Wealthability. Not sure if it cost affective in my case. I just started .
Account Closed
Effects of depreciation and interest expense.
Anyone able to shed some light on how you personally figure in the savings of interest expense and depreciation on your investment? I have heard a ton about cash flow, but there is the other great tax benefits, altho...
Edgar Hernandez
Bad time for a brrrr deal ???? HELP
Hi Guys,I am a newbie first time investor. Found a property on the MLS for 65,000 . Needs about 80k in renovations. Arv is 180k-200k . With built in equity . Motivated seller. Rent in the area low end 1100 higher end ...
Julio Gonzalez
A Deeper Dive into Section 179D Energy Policy Act
The 179D Energy Policy Act gives taxpayers a deduction for installing energy efficient assets such as the building envelope, HVAC and lighting. It is for apartment buildings greater than 4 stories and newly constructe...
Jessica Parker
Tax strategy advice for flipping/wholesaling
Hi fellow BP'ers! So My husband and I are at the very beginning stages of getting our investing career going! We just created an LLC to flip and wholesale out of. We don't need any of the money we will be making fr...
Joshua Hostetler
Reinvesting Cash Flow
Is it better to pour the cash flow back into the same property towards the loan principal or is it better to place in a savings for the next property?My thinking is that placing in a savings would allow for quick avai...