Jason Malabute
tax prep and accounting cost
Hey BP Community,
I’m curious about how much other real estate investors are paying for their tax preparation services and accounting. Specifically:
1. Tax Prep Costs: What are you typically paying for tax pr...
Pj Crescenzo
Closing Costs - Don't Settle
A lot of first time buyers seem to drop their jaw when they see the breakdown of closing costs & how much money can be needed out of pocket.... We recommend finding & partnering with the right agent, to get cl...
Dan Clark
itemized list of contractor material & labor costs
I have just rehabbed a home in San Antonio, TX. I will be selling this home soon. It is now under contract. I did not use a GC for this rehab. I had my RE agent act as the project manager. The problem I have is that ...
Sebastian Marroquin
LOT Split and 2 separate duplexes
Working on this transaction with my buyer client! (note that he is a contractor and engineer, so his costs will be much less). This is just an example of what some of my clients are doing, and I wonder who would be in...
Joel Fechik
CPA/RE tax expert out of state owner question.
I have a client looking to sell a multifamily property in CA. She is an out of state owner and resident of PA. When she sells she'll have to pay federal and CA taxes on the sale, but will she also have to pay PA taxes...
Millie Pendola
Cost Segregation Study & 1031 Exchanges
Hey all! Just got a question from a client that I would love input on, as I am not a Tax Professional. Question: Is it beneficial to do a Cost Seg on a property if he plans on doing a 1031 on the same property later t...
Hart Pearson
Would This New 0 Money Down Strategy Work?
Here's the hypothetical... Could an investor whose licensed as an agent use increased commission to offset their downpayment?? Say for example...Purchase of $100k using conventional mortgage, Seller pays closing costs...
Michael Plaks
BEWARE: How Cost Segregation is sold to you
My client, let's call him Paul, was not happy to owe the IRS $100k - the tax penalty of having a successful flipping/wholesaling operation. So, based on his buddy's advice (sounds familiar?), he ordered a cost segrega...
Rick Im
What to do when my agent makes a unforgivable mistake
Hello,
You won't believe this happened. Last week, HUS accepted my bid on a really good deal and I gave the earnest money in time. My agent passed the deadline of 2 business days to submit necessary documents online....
David Galvan
Attorney costs?...
Hello BP.
Approximately how much does it cost to have an attorney look over a contract? What about to ask for legal advice before making your moves?