Kristen Haynes
How To Save Some Serious Tax Savings On Your Rental Properties
Hey, just checking in with my fellow real estate investors! If your Accountant has not done an Engineering-based Cost Segregation study on your investment property rentals, you may want to look into having one done. I...
Andrew M.
Maximize tax savings with investment property
Hi all,I'm purchasing an investment property next month (December) (2 units). I want to maximize my tax savings when I file my taxes next April, so I was wondering what I should do til the end of 2022 to maximize my t...
April White
CPA vs DO IT YOURSELF
Hello Everyone,I just recently started a business this year to do LTR, and started fixing up a little house in the back of the property as well but ran into plumbing and electrical issues that cost more than expected ...
Mark Forest
Files too large
I have several houses now and my filing cabinets are getting a little stuffed. I have a separate accordion folder for each house. I keep the original purchase papers, receipts for repairs, credit reports for prospec...
Jerry Alvey
LLC structure and tax advice
If I own 2 LLC in Texas and one in Oklahoma would it be best to open one umbrella LLC at a bank and list these 3 LLC's under it? I'm looking for protection and to pay less taxes.
Brenda Allen
LLC vs. S Corp for Wholesaling?
Hi All,Many years ago when I first started rehabbing and wholesaling, my CPA told me that the S Corp. was the best option for my business entity. I went with his recommendation, but now it seems like everyone I see in...
Raul Velazquez Jr
End of 3 day notice
have given a tenant a 3 day notice and today is the 3rd and final day. This morning I received a text from said tenant that they will have my money and be moved out by this weekend. My question to the community is, do...
Matthew Parent
Direct Mail/listsource/click2mail
I just purchased my first list from listsource. Seems straight forward. However, the mailing labels download in some file ext I can't convert. I also us a Mac, and therefore, don't have MS Excel. Has anyone...
Ryan Knapp
Cost Segregation Companies
Does anyone have any experience with Cost Segregation Authority, Engineered Tax Services or Baker Tilly?
I've gotten some estimates and a study and seeing wildly differing numbers as far as tax savings as well as...
Jack Zhuang
Over paid in Tax return, what should I do?
It's that time of the year, I decided to do my taxes early this year and submitted my tax return last week. As I'm going through my rental leases today, I realized I forgot about a one month vacancy in one of my prope...