Greetings BP Family I am seeking advice on establishing an efficient process for keeping tabs on accounting. Our business is anticipating doing about 3-4 flips this year, so we are not expecting overly complex books. ...

Looking for a CPA who's good at handling RE LLCs and familiar with tax efficiency on apartment and other passive investments. Thanks in advance!

Investment Info:

Single-family residence buy & hold investment in Austin.

Purchase price: $320,000

Cash invested: $45,000

Off Market Sub2 3 bed 2 bath property with additional garage conversion i...

I am not a super active poster here, and I posted this last week in the pro forum accidentally when I meant to post this here where more users can see this. I am a grateful beneficiary of the wealth of knowledge and r...

I understand that rental payments for property owned by my SDIRA account (custodian, not LLC-type) need to be handled in an 'arm's length' fashion. I haven’t found a property management software that will collect the ...

Hey! I recently bought a book called "The Complete Guide to Contracting Your Home" by Kent Lester and Dave Mcguerty (link to book below). At the beginning of the book the authors claim you can save up to 42% when you ...

Ok, so this is my first post on bigger pockets and I would like to start off by saying hello!  Glad to be part of this website as I have heard a TON of great things about it...  I'm located in Delray Beach, FL and loo...

Dear all!,Does electric fireplace replacement count for repair or improvement?The real question is can I deduct the expense at once or must I depreciate it from tax perspective?Thank you-Alik

Hello BP Family,My Father passed away on Oct 7th, leaving me his IRA which is valued at $750K, as of today. My wife and I both work full-time jobs, and own 3 rental properties (in a series LLC) putting us in the 35% t...

We are closing Friday on a house in EADO (East Downtown Houston) and are looking for someone who can think outside the norm for a/c and heat.  This 1940's house has no attic space (very little) because they created th...