Andrew Johnson
San Antonio CPA - looking for recommendations
I’m looking for a CPA for the first time, here in my new home, San Antonio TX. This year I put my SFH, and a Duplex into service. It’s my first year as a landlord. I also received a Bonus this year, and as active d...
Boris Salman
real estate professional license for non resident
Hi folks,My CPA is advising me to obtain a TX real estate professional license. I own few properties around Houston and spend time anyways. My question is how a non TX resident can obtain such license and what are the...
Eric C.
SEP IRA contribution and loan qualifications - DTI calculations
I am looking to make a sizable SEP IRA contribution to reduce my tax liability, but I don't want to hurt my ability to borrow in the future by not making enough income. Is SEP IRA contributions added back in the way ...
Lance Mundo
Proving 750 hours for deductions
How can I prove 750 hours of work, and more work than my W2 job in order to qualify for maximum deductions when filing my income taxes? I want to reduce my federal income tax to zero. Are we using a time log? What is ...
Jake Gove
New Tax Bill Affect Investment / LLC ?
We are in the process of getting ready to close on an investment house we will rent out as a short term rental. I was planning to create an LLC for the investment and use it for all expenses and income related to the ...
Jeremy Shepherd
Sound Proofing Windows
Anyone soundproof windows successfully without replacing the entire window? Have an apartment building on a busy highway and am looking to reduce traffic noise.
Brett Synicky
Rising interest rates
Note buyers,
I'm wondering how you will modify (if at all) your business model when interest rates increase?? I bring this up since the Fed recently said they were going to systematically reduce the 85 billi...
Roy Mitle
confused about depreciation
For example: you buy a rental property for $100k.$40k attributable to land and $60k to building.You sell it 5 years later for $150k.You'll need to take $2,182/year for depreciation (see MARCS 27.5y table), so that's $...
John Dahl
Dwelling Insurance all over the place
I am under contract for a duplex in Syracuse, NY, built in 1925 and have received three different insurance quotes; all having significantly different dwelling replacement costs.Purchase Price: $155,000Quote 1 - $292,...
Robert Fabian
Sticking point in our Operating Agreement
My LLC is registered with the state, the finances are set and we are looking for our first property. We must first however get our Operating Agreement set. We have actually agreed on everything thus far. There is o...