Jacob Lindgren
Utilities in the 'grey-zone'
Hello everyone,
I am closing on my first rental property the first week of next month. The property is in an area with moderate to high demand for rentals. The property also only needs minor updates and a couple appl...
Ryan Guerrette
CPA that specializes in Real Estate Investing, Connecticut
Hi BP community! I am new to investing and would like to know if anybody has any recommendations for CPA's that are investor savvy. I'd like to start my investing journey on the right foot and build a great team!
Greg Haygood
CPA in Washington DC
Good Morning BP Community,My family and I are looking to change accounting firms. We used Glass Jacobson who did a fine job on the filing. However, I’m looking for more of a strategic partner in addition to tax serv...
Cory Brown
Life changer loan???
I recently purchased an investment property using 30 30-year loan. I have been hearing about the life changer loan. Additionally, I noticed a post from 2 years ago speaking on it on the BP forum.Is this just another v...
Justine Scheuher
I got a 4plex house hack! LLC Bank acct Question
I closed today on a 4plex! I will be living in one of the units for rent free (or +/- $100 depending on utilities). I formed an LLC and opened a business bank account. Question: Question, what is the best way to use t...
Bob Woelfel
Capital Expense or Maintenance Expense??
Accounting question....would a new appliance for one of my rentals be considered a maintenance expense or cap ex for accounting purposes?Would that change if it were a flip project? Thanks.
Chu L.
Looking for Tax Strategist in PA (Philly/West Chester)
Looking for recommendation for CPA / Tax strategist for this and next year. Anyone has recommendation? I am in PA (West Chester area)Here are my situations:
1. I worked in PA but lived 2 states (PA, GA) in 2020
2.I ...
Gustavo Delgado
Should I pay off my balance?
I have a rental with a $76k mortgage balance at %4.5. I also have an brokerage account with $72k that has been steadily growing. My question is: " Should I use the $72k and pull some money from another account to pay...
Heli Beran
Is the cost of an appraisal tax deductible?
Hey everyone,Do you know if the cost of a multi-family apartment building appraisal is tax deductible? The appraisal quote from the lender is around $3500, which is obviously a lot of money! Thankful for any insights...
Michael Gee
File taxes before K-1?
Hi all,Can I file my taxes without having to wait for our K-1? My accountant will most likely file an extension for our partnership this year but I have W-2 income I'd like to file to get my refund back so not sure i...