Jill E.
Property Management LLC for tax benefits?
Because I cannot take advantage of active deductions related to my real estate rentals, I am wondering if I can pay myself as the "administrator" or property manager of these properties? The IRS believes you can't ac...
Anthony Gayden
20 Unit in Olathe, Kansas (Kansas City Area) Analysis
Here is yet another multi-family deal analysis that I am doing. This one is a 20 unit apartment complex in Olathe, Kansas, which is in the Kansas City suburbs. The location is near downtown Olathe, which is older and ...
Alison Dickens
Newbie looking for CPA in California to discuss Set-Up Expenses
Hi BP community! I'm a newbie in San Diego, just starting out on my REI journey. Although 1st property has not been acquired yet, I have been busy in the month of December with setting up the business, with setup ex...
Lucky B.
Should i create a new LLC,or pay the reinstatement fee on SUNBIZ?
Guys i need help here. I formed a LLC company in 2015 and i let it automatically dissolve last year(2017) by not filing an annual statement on Sunbiz.org. i did it on purpose because i was planning to sell my only ren...
Phil Jones
Sell or rent home in low rent/high cost market?
Hi BP! I have a home in Austin that I've been house hacking for a while. My tenants moved out and I am likely not going to be staying there. I figured at first I would rent it out, but once I ran the numbers I wasn't ...
Account Closed
I've done a rental analysis and have a question about the NOI
I've done a rental analysis on a potential rental property where I'd be charging $4200/month and the monthly expenses have come to $3635(Mortgage, tax, insurance, vacancy, cap ex, maintenance, Manage, HOA). The report...
Jarrid Weber
Hold or Sell Rental
Hello BP Fam,My lady and I own a rental in Moreno Valley, CA that we are in a dilemma of hold or sell - and I am hoping for some guidance or insight! We currently owe $266k on the loan and the property is worth betwee...
Michael Albert
RE Accountant Needed for Personal and Private Equity Work
Hi BP nation,
I'm looking to hire an experienced RE Accountant as an advisor and tax preparer for a new RE Private Equity firm that I am founding with my business partner. We plan on investing in Commercial Real Esta...
Carlos Silva
How do I minimize taxes on pulling money out of 401k at age 65
What is the best way to pull money out of a 401k and minimize taxes at the age of 65? I would like to acquire more properties to produce cash flow for retirement.
Will R.
CA - Tax impact - closing costs
Hello,I am looking to close on a home soon in California and it appears I will have the option to close in either 2018 and 2019. I think the only difference to me would be the tax implications with the closing costs. ...