Jason Frink
Out of state investing tax benefits.
Hi BP Family,I live in California and am about to start investing out of state. I have a CPA that I've used for years but when I brought up the investment to him he said my wife and I combined make too much money so t...
Chad Tessmann
Starting Out Tax Deductions - First Year?
I am going to have 2 properties that I am projecting losses on. One is going to be a short term rental and the other is a house-hack. The STR I am going to be building from scratch (in Alaska btw). Are there any ta...
Kenji Tominaga
County Mortgage Tax paid by the Buyer?
Hi Tax masters,I have a question about the county mortgage tax when purchasing a property.I'm quoting a mortgage from 3 lenders for a small multi-family in Bushwick/Ridgewood area (Brooklyn NY), and one of them estima...
Carolyn L.
Austin Accountant Recommendation for REI Startup
Good afternoon, BP nation!
I know this topic has been discussed about 43 different ways in the forums, so please forgive my 44th version. @J Scott and @Steven Hamilton II have provided excellent interview ...
Account Closed
NEED YOUR OPINION - Cost Basis in an Acquisition Transaction
Hello guys,My business partner and I just had our construction project completed by our developer with a condominium building consisting of two units (one unit has access to its own rooftop and another unit does not h...
Peter Szaflarski
Take Over Parents Apartment Building
Hi Everyone, I am interested in working out some sort of deal to take over my parents 6-unit apartment building. Currently the building is paid off. My parents don't live in the apt. building, they own a single family...
Lyle Cooper
Increase basis on rental property after renovations
I renovated my home myself (I'm a contractor) over the course of 2017 and 2018. I rented the property in 2018. I did extensive renovations. I'd like to increase the basis of my home with the cost of items like: Kit...
Todd Dexheimer
Cost Segregation in Syndication
To the companies that are syndicating and LP investors: What are your thoughts on cost segregation studies? 1. Do they save your investors money over the life of the hold?2. If your investors are W2 emloyees, how do y...
Madison Holbrook
Multi-Family and Apartments
Several questions!I see a lot of posts about investing in duplexes to four-plexes but not bigger than that. I understand that part of this is probably due to commercial financing. If someone were to have cash to buy ...
Andrew Schroeder
Tax professional Florida
Hi everyone new investor. Have my first duplex. Renovating the building myself with no tenant in place. I really need help with finding a good tax professional. How do I go about finding a tax person that has a strong...