Nick Scalero
Self-Directed IRA questions
I'm considering a self-directed IRA but have a few questions.
First, If I purchase a house outright how do I calculate ROI? Is it simply (Monthly Income - Expenses) * 12 / Purchase Price?
Second, since I pay Taxes,...
Mason Myers
How Much Should I Pay for a CPA / Do I Even Need One?
Hello all!
I'm a new investor in my 20's, getting ready to file my first year of owning a Duplex - renting half and living in the other half. My questions surround how to structure my taxes of course. I've always fil...
Wiley Hood
Are DIY cost segregations a good idea?
Recently, I've decided to do a cost segregation study on a new $490K property that I purchased this year. I came across a firm (KBKG) that offers a $400 DIY cost study (paying for a membership). I enter the informat...
Colton Joseph
What is the best way to file taxes to obtain a Mortgage? PLS HELP
Hello BP users... As always I am here for a bit of advice from all of you that know more than me!I am looking to get a 30 year fixed mortgage shortly (construction to perm to be exact.) and am trying to find out the b...
Ross Ellington
Real estate tax breaks
Good evening everyone. I'm I the process of closing on our first property through the VA. My question is Are there any tax breaks with purchasing a home. Being this will be a one year owner occupy before we can rent i...
Don Ireland
Owner Occ Duplex: Accounting
I'm in the final stages of buying my first rental. This will be an owner occupied duplex. Since I can't include expenses for my unit for tax purposes, I'm wondering how I should handle accounting for my unit.
Shoul...
Weina Shi
Multifamily Cost Segregation
At what price range properties are worth while to do cost segregation? Is it required to be completed by a CPA or engineer only? thanks.
Trevor White
Multiple Business Functions In One LLC?
Hi all,I currently have an LLC from a prior business where I sold things on eBay. The business is still active; however, I'm not ordering any new inventory and plan on stopping operations when all my current inventory...
Bryan Wilson
First purchase of a rental property. What would you do?
In the spring of 2018 I have the opportunity to purchase a townhome valued at $110k for $79k. The owner is a friend of the family and just doesn't want it anymore and doesn't care to make a profit. they are very well...
Michael Gessner
Opinions needed on my business plan
Hello fellow BP members, id like to offer up my business plan for review buy seasoned investors, please take the time and comment with any suggestions and remarks. Thanks for lookingTo start I personally have ten yea...