Mike Zamolo
Looking for a referral for a CPA Firm to do a Cost Segregation Analysis
I'm looking for a firm in Columbus Ohio area that can assist me in a cost segregation study on my newly purchased investment property in Columbus. Would love to hear if anyone has had experience with one there and rou...
Domenico Geria
Short Term Rental - minimum operating period
I have an attached ADU at my primary residence that I have mainly used to host relatives and friends when visiting, but I'm now thinking to explore the idea to offer that as STR. I'd need to go through some approval p...
Brian Petty
Tools purchased to flip = expense?
Quick question for the experts. I am planning to purchase a fix and flip property and I always buy a couple of new tools in the process. Mainly because I have a tool buying problem...anyway. my question is if I had to...
JT Marlin
Trust deed investment - when can I claim a loss?
I invested in several trust deeds back in the 2005 -2006 time frame. Unfortunately, several of the trust deeds were ultimately foreclosed on. However, there is one trust deed loan that hasn't performed in years, but t...
Michael Seeker
Just finished a flip with a partner...now what?
A friend and I just finished a flip with pretty much a 50/50 split arms length agreement. Everything went fine, no arguments or problems.
The question(s) surround the taxing and distribution of funds. Both the hard...
Eric Edwards
Introduction
Hello everyone, my name is Eric and I've recently relocated from New York to Dallas, GA. Since this is my first post you obviously know that I'm new to BiggerPockets as well as the real estate industry. Like most I'm ...
Elizabeth Conklin
LLC for one property -yay or nay?
I am hopeful that this question is not too basic. :) I have one rental property and wanting an LLC to manage expenses (avoid co mingling) and set up a more professional business structure for future purposes. Ques...
Julio Gonzalez
Why Small Business Owners Need to Adopt a “Tax First” Mindset
The tax code can seem daunting, and navigating it is a scary undertaking for small business owners and entrepreneurs across the country. As we know from firsthand experience, many small business owners pour their bloo...
Pam Smith
REP status for running STR's
Hi all-I currently have a full-time "day" job but would love own/manage STRs full-time. Just curious, anyone with REP (real-estate professional) status on here, how many STRs did you need to get to in order to qualify...
Hernell D.
End of Year Tax Strategies
With the end of 2017 upon us and tax season quickly approaching, what general tax strategies should investors, or those looking to invest, make sure they take advantage of in order to get the greatest return and set t...