Carissa Holmes
ISO accountant to handle LLC & personal finances
I'm in need an account and tax strategist in the Austin area, ideally someone who also invests in real estate themselves. Any recommendations are greatly appreciated. TIA
Michael Wentzel
tracking expenses for each property vs portfolio?
Hello everyone,If you have a portfolio of single-family properties, do you always have to track the income and expenses by property?I'm pulling together my numbers for my partnership tax return and it is a pain. We ha...
Craig Poskus
Cost Segregation for Capital Improvements in 2017
Hi BP Folks!My search skills must be weak and I apologize in advance for not being able to locate the answer to my question. I am trying to find out what capital improvements go in which bucket for cost segregation d...
Evan Barney
Section 179 Expense Election - Immediate deduction of assets
Hi everyone, I am currently taking a Tax Analysis class at my university and I came across Section 179 in the tax code. Based on the discussion in class, it seems that as a business owner you can elect to immediately ...
Sam Green
Getting a loan for an LLC and building corporate credit
If I were to open up an LLC for the purpose of buying property, how would I get a loan? Are there lenders that deal exclusively with LLCs?
Braath Waate
Assigning 1031 basis in a subdivided property used as a home
25 years ago I bought an income producing farm with land and a house. I used a 1031 exchange from another business property to pay for it partially. I lived in the house.Skip ahead to today. I subdivided the house ...
Blake Davis
Does this rental make sense?
Hi all! I'm considering renting my current primary residence when we "upgrade" and buy something nicer in a few years. I'm trying to understand the levers and drivers that make a property a good rental property, and I...
Maximus Decimus
Advice on Potential 5 Unit Deal - Does it make sense?
I am looking at a 5 unit townhome building (each unit has been separated in condos, each unit pays their own utilities). Each unit is 3 bed/2.5 bath and has a attached 2 car garage. Building was built in 1999...
Lesley Resnick
CPA - HELP! TAX planning questions for BRRRR
I am starting to do my tax planning for the year....ERRRRI am trying to figure out how much I can deduct from a BRRR project. I am not clear on the de minims vs 179 vs bonus depreciation vs 27.5 years depreciation My ...
Angel Rosado
401k Loan vs self directed IRA
Thinking about some creative financing that would be most beneficial to begin investing. I can borrow 10k through a 401k loan @3.75% payable back over 5 years or use money that I have in an IRA and roll it into a se...