Sue Jing
Tax liability -urgent question- thanks!
I am currently doing 1031 exchange, and looks like we won't be able to close one of the properties we exchanged. The 180days closing deadline is next week. It's a long story, how we get to this point. My question is,...
Jacob Mallison
How can a Financial Planner serve Realtors?
Good mornin' folks,I am currently a financial planner in the DFW area researching the financial needs of real estate professionals. Below are some of my questions:As a real estate professional, how could an a financia...
Marlie Evans
Bonus Depreciation, safe harbors and Partial asset disposition
Now using the de minimis/routine maintenance safe harbors instead of bonus depreciation for appliances, carpet and the like. I don't understand why my taxes go up a few bucks when I change move an item (a kitchen appl...
Ramona Huot
Getting an inspection or inspector referral for a potential property?
Hi, so I always thought that the realtor I will work with can gather the network I need once an offer is accepted. But, I've been reading that it's best to find my own inspector to inspect a potential property I want...
Allen L.
Mold in attic, disclose to potential renters?
I’m closing on a property with some mold in the attic. The seller said he will treat the mold himself before closing. Should we require him to get a mold inspection letter afterward saying mold is remediated? If we do...
Raja Maan
Rehabbing and flipping can be very profitable
House flipping has become the day trading of the first decades of the 2000s. But in the rush to make a profit, far too many would-be real estate moguls overlook the basics and end up failing. In this article we'll loo...
Angel Rosado
Noob and business cards?
Just want to get the opinion of the BP Community.I am one who believes in the power of a business card. Although I can connect with many investors here, I know that not everyone uses BP.Obviously, I would put Name, e...
Account Closed
Ask me questions on Real Estate Tax Strategy or Investing. Answering all Questions.
As a specialized real estate CPA serving investors nationwide, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your renta...
Joel Oh
I am hearing STR doesn't count toward REPS status.
Hello guys! I have a good W2 income as well as STR income.
2023 is the first year I thought I could qualify for RE status as I am working as the property manager, handyman... (750+ hours) man I worked hard!
Just fi...
David Czech
Tips on restoring a bathtub? Best course of action?
A tub in my unit has had paint chipping for the last year. I have tried using the paint sealer that's available in Home Depot, but it only seems to last around 8 months before it start chipping away again. The chippin...