Lucas A Riemens
Tracking Expenses for Tax Purposes
I am looking for advice on how best to track and structure my expenses to get the most tax benefits. Currently my wife and I own two properties in the Cincinnati OH area and have just completed the renovation of our ...
Clay W.
Tax and Expenses Allocation for Land
I self-prepare my annual tax returns and have a tax scenario/question regarding the allocation of Property Taxes and Carry Expenses for land.In 2022, I purchased a vacant parcel of land that is zoned for multi-family ...
Susan O.
Tax Writeoffs Out of State Property-
We reside and pay California tax. We have rentals in Ohio, Hawaii and Nevada now. For travel expenses we have racked up a lot of expenses on a property in Hawaii. For the Hawaii duplex. We legitimately have been fl...
Will G.
Big reduction in noi?
Pocketeers, Looking at an 18 unit deal, 2016 had a noi of $72k and 2017 noi of $49k, due to lower gross rents and a bunch of needed cap ex on 3 of the units. How does one derive valuation with such different noi's?Wha...
Simon Obas
If I don’t have cash flow?
If after all expenses are paid but I don’t have cash flow, is it a bad deal? Looking into buying a triplex for $370k. Looking to house hack for a year then moving out.
Andy Wu
Pay which houses down first?
I have both first and second mortgage of my primary home. The second mortgage rate is much higher than first.I also have several rentals which have either 15 year or 30 year loans, they have different interest rates.I...
Sam Dalton
Rent Payment Processing Time
Is there anyway to get rent money same day? If my tenant pays on the 1st of each month, I do not get the money till a week later because of banking processes taking 5 business days. Then I am late for my payment. What...
Sean Wilt
Prospective guest wants to go ouside of platform. suspicious?
A potential guest contacted me via inquiry through VRBO and is interested in a week long stay at our home and it's a nice rental ($3,500). He is a new traveller with no reviews. He gave his full name and email plus...
Allende Hernandez
Need suggestions on how to handle utility costs for house with "efficiencies"
Good afternoon fellow investors,I just closed on my first rental property, which consists of a main house with 3 attached smaller units (efficiencies) - this is very normal in this area- , everything is on one meter.T...
Account Closed
Seasoned Real Estate CPA Expert Answering all Questions on Investing Tax Strategy
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...