Mohamed Nagoor
Year End Accounting Question for Flipping Business
Hello BP Team,I'm in the process of selling my 1st flip via my LLC. I do maintain records and receipts of all of my investment activity for this flip via excel. Trying to understand the Accounting/Book Keeping work ne...
Mark J.
Possible to Buy a Scheduled Foreclosure Before the Auction?
#1 If a property is scheduled for auction on the Hillsborough county, FL foreclosure site, is it possible to approach the bank directly and make an offer on the property before the auction date? Can you do a deal wit...
Sigurd Panke
Sell a rental house w/ owner financing and pay 0% capital gains?
I am hoping that a CPA might respond to this post. I'm going to sell a rental house via owner financing and I'm playing around with various loan amortization schedules to settle upon loan terms where I wouldn't pay an...
Nadiya Lonkevych
Could negative cash flow be deducted?
Hi everyone,I am about to become an investor renting out the condo I currently live in (Columbia/Ellicott City, MD area) and purchasing another house for my family. The condo was purchased in 2006 at it's highest ever...
Lee Lockhart
6-unit Building offer submitted
Hello everyone! I submitted an offer on a 6-unit multifamily in Chicago. The offer is $190,000. Every unit is 3bd/1ba. Tenant pays for their heat, electrical, and hot water. Four units are rented. The remaining units ...
Patrick Sears
Best accounting software for note business
Hello,Just curious as to what everyone is using for their note buying/selling/originating business? I'm currently using Quickbooks 2007 for my rentals, and have been thinking of updating to the newer version to go al...
Zachary Bliss
Looking to get started in Property Management
Hello BP,I am currently working as a Commercial Realtor with Keller Williams in the Tampa / Sarasota area. I eventually plan to own my own STRs and LTRs, but for now I am building capital and gaining as much knowledge...
Niki Roberts
getting foreclosure lists
Can someone tell me where I can get an UPDATED daily list of foreclosures that are going up for auction at the courthouse? I keep finding them through the MLS to find that they are not in foreclosure anymore so I am l...
Bruce D. Kowal
Cost Segregation Studies: The Hidden Passive Activity Loss Trap 🏢
As a CPA focusing on real estate taxation, I frequently encounter property investors excited about cost segregation studies. And why not? The promise of accelerated depreciation and immediate tax savings is attractive...
Sean Carroll
LLC and business expenses
I am sitting here at HR Block and they are saying I can no deduct my LLC business expenses from my 2017 W2 income, is this correct or no?Essential I have 1 rental that brought in $8750But between all my expenses I am ...