Shawn L.
Need help with lease optioning my own home and my mom's home
Here are the homes in question:My Home - 3 bd/2 ba SFH, ARV approx. 75-90k, no mortgage, tax lien of 61kMom's Home - 3 bd/1.5 ba SFH, ARV approx. 110-130k, 40k remaining on mortgage, no liensHere's my problem: I own a...
Bobby R.
DC Area Tax Preparer
I have yet to do 2014 taxes (multi-state W2s, rental property) as well as 2015. My last tax person, an accountant, was not taking depreciation for the rental.I met with a company that would do both years for $600, an...
Brandon Vannier
Learning how to analyze
Hey guys, I am learning to analyze deals in the market for the time I am ready to invest. I have found a property I'd possibly like to invest in of I had the money so I want to hear what you guys think.Located in Roch...
Ankur M.
How to prepare for appealing property tax in front of BOE
Hello, I am new to this website still. I recently acquired a commercial real estate property and the property taxes the next year went up nearly 60%. Therefore I filed an appeal explaining my situation, however the Bo...
Nicholas R.
Owner occupied, managed, single member LLC owned -- do I pay myself?
Hi everyone, I'm a long time reader yet this is my first posting in these wonderful forums.In the scenario of a single member LLC owed, owner occupied and self-managed multifamily building, is it best practice to be p...
Kyle Shrum
Using REI to kick student loans
I'm still working on building up cash reserves before jumping into investing, but I want to nail down a strategy to pursue once I have enough cash. I really want to pay down student loan debt to $0 so it's not hanging...
Thomas Carney
Thinking of trying tax lien sales this year.
Last year I was told about trying my hand at tax lien sales but it was after the time that the properties tax certificates were being sold. I saw the property list last year and they had homes still in good shape for...
Mitch Vogatsky
Cutting back on retirement savings
I have focused on saving for my retirement through my 401k for my first few years of work after college. I managed to save up $100k to invest and have decided that I will no longer contribute more than my employer mat...
Dave S.
'Tis the Season....Tax season, re-looking at which CPA to use
Last year was the first time that I filed taxes for my rental portfolio. Call me lazy but I ended up using the CPA which was being used from one of the previous owners of a property I had purchased. I didnt look aroun...
Edward Skirvin
Taxes. Is it really this hard?
As a bit of history, my friend and I created an LLC to purchase rental properties in 2017, but didn't buy our first property until March 2018. We're having everything deposited to a business checking account in our LL...