Mary Jay
Need an advice on picking a tenant (Just divorced part time teacher)
hi guys,I have this rental that is difficult to rent because its in an upscale neighborhood and the rent is expensive (2.7K per month).A part time teacher who makes 16K per year applied, her main source of income is h...
Jimmy S.
Did my accountant screw up?
Long story short............. under my schedule e he put 365 days fair rental days when I purchased the property 8/20/14 and was really only like 120ish fair rental days. Now I cant use any of that income under Fannie...
Becca Young
Parent Hiding Real Estate Income to avoid paying Child Support
Hi everyone,I have a quick question, wondering if anyone could help someone out for International Women's Day! I have a friend who is a single mom and is singlehandedly raising her child, without any physical support ...
Aline Elad
Capital gain taxes from Investment account
Hi All,Is it possible to avoid capital gain taxes if I use funds from an investment account to BRRR a property and then return all the funds to the account within the same year? What if I leave some in the deal, can I...
Kirsten M.
Rental Increases 2021 - Albuquerque
As I'm gearing up for lease renewals this spring, I'm looking at current market rents and calculating the increase in property taxes. 2020 rental rates, for a SFHs, are around 7% - 11% less than current rates. Not onl...
James Brand
Accountant/CPA who is Stessa savvy?!?
BP,Stessa was once (maybe still is?) a platform advertised for on the BP podcast...I have recently adopted it and am aggressively working through prior years' data to get the most out of the system. My question is if ...
Sarah D.
Cost Segregation For Appliances, etc
Can anyone confirm if I am correct in my thinking? We finished rehab of a 4 unit property and put it into service in 1/2017. I would like to separate depreciation for the following items that were part of our rehab ...
Account Closed
Review this short sale deal (overview)
House is 3/2/2 in a high demand school district. Ive got it under contract and have started the owners doing short sale paperwork
needs minor repairs including fence and sprinkler system, carpet and paint.
Seller on...
Julio Gonzalez
Tips on How to Avoid an IRS Audit
When most of us think of having the IRS audit us, we get anxious. Audits can be very expensive, invasive and ultimately time consuming. Some audits are inevitable. However, there are multiple preventative measures tha...
Andrew Propst
With the contested election where is the housing crisis headed?
There is a lot at stake in this wildly contested Presidential Election. With such serious topics as; COVID, climate, immigration, the economy and housing, partisan approaches to housing and the inclusion or exclusion...