Danielle M.
How do you do your accounting?
Hello, I am curious how you do your accounting. Do you have a separate Quickbooks online subscription for each property (that sounds expensive)? How do you handle buying software for multiple properties in an affordab...
Mark Fulop
How to Start a Business in the U.S. as a Foreign National?
Starting a business in the U.S. as a Foreign National can be challenging but I can walk you through the process. Currently, I have a Canadian client who wants to buy a hotel in the USA. Normally if a client already...
Mark Forest
Qualified Business Income
This is what I get for not doing my taxes earlier. I use Turbo Tax and the program just asked me if my SFH properties are Qualified Business Income or not. The help post at Turbo Tax seem to say no, while the CPA who...
Santhosh Ramani
Out of Country ownership
Hi folks -I'm about a couple of years into REI and own a few properties in AR, TN and TX areas. Never visited the properties - all are managed by different PM companies.Im getting ready for the possibility of relocati...
Becky Fischer
Massachusetts Lodging Tax for Short-Term Rentals
As you may know, Vacation rental owners on the Cape and Islands may soon be faced with charging their guests a nearly 12% lodging tax. The Massachusetts legislature has until July 31 to move Ma Senate bill S2423 forwa...
Julian Dozortcev
is this considered a 1031 exchange
Hello All,If you purchase a home for a rehab sell it and then use those funds to purchase another rehab and continue going. Do you have to pay capital gains taxes on that profit earned or is that considered 1031 excha...
Mary Jay
California- the tax bill is higher than the rent
HI guys,we bought this property in California in 2019, we rented it to section 8 person.3 years later we received a bill saying we owe 11K in taxes (plus 4K in penalty, of course). The problem is we did not rent the p...
Bryan Martin
10 Traits to Look for in a CPA
Lately, I've seen a lot of real estate investors asking what qualities to look for when hiring a CPA on Bigger Pockets and hope this post will provide some insight into what to look for whether you're looking for a CP...
Mark K.
Reits vs rentals
Looking to see thoughts on selling rentals and investing them in Reits through a 1031 exchange. Our properties have more than doubled in value and it seems like the return may be worth more than the headache of owning...
Lindsey Iskierka
1031 Exchange on Small Owner-Occupied Multifamily
My husband and I are selling our triplex here in Long Beach, CA. We purchased it in September 2016 and have a significant amount of equity that we will use to purchase properties with cash out of state. We lived in ...