While I greatly respect accountants, I want someone to explain why they're worth the fee for 90% of buy and hold investors. This year my refund was $3,800. My total tax prep fee was approx $4,200 (not unusual if you a...
I received a CP2000 notice from IRS and send to my accountant who prepared taxes. The inquiry was resolved with a simple letter to IRS explaining where income (rents) were accountant for in LLC return. The issue was...
Hello All!I'm acquiring my first duplex, and trying to get all things in order, starting with a good lease agreement to include all things i want. I'm looking for advice on getting an attorney? Do you recommend I ge...
As a new real estate investor, I recently bought a SFH and hired a PM company to handle it. I'm wondering if it's common for PMs to provide detailed receipts for each project, and if it's reasonable to request them. I...
Hello, I am preparing to purchase my first property to BRRRR. I will be using a hard money loan to purchase and rehab the property. What is the process of acquiring a hard money loan? Do I need to already have a prope...
Tenant hasn't provided me proof of renters insurance yet. Tomorrow is move in. Give them the keys or require proof of insurance before move in? It's in the lease that they must provide renters insurance, and make me a...
I am a fresher working in a service providing company which deals in proving service and solutions in marketing, promotions, consulting, digital enterprise, IT services, enterprise solution, corporate training, engine...
I'm in a syndication that pays monthly distributions but will provide a K1 with paper losses due to depreciation.I am looking to do some private lending where I would be receiving a 1099-INT from the borrower on inter...
Can anybody recommend a REI-focused CPA that will provide a personalized tax savings plan, checklists, forms, etc. for a reasonable fee?
I have spoken to a local CPA and also had a consult with Keystone CPA. The loc...
I am trying to research which states allow a self close. The specific niche I am investigating is vacant land. I came across two websites which tackle the topic, but they provide more detail than perhaps is necessary....