Tax Mistakes That Often Trigger an Audit

Feb 22, 2018

You can view the corresponding infographic on IRS Audit triggers by clicking here. Audit—it’s a scary word for every tax-paying citizen, but, fear not! Audits are relatively infrequent, and there are specific IRS audit triggers you can avoid to greatly reduce the chance of that dreaded IRS letter in the mail. Here, on behalf of The […]

When a Virtual Firm Meets Face-to-Face, Awesome Things Happen

Jan 22, 2018

As you may know, we are a virtual CPA firm. We don’t meet clients face-to-face and we certainly don’t accept paper documents. We’re techy, cool, and in the cloud. What you may not know is that, true to form, all of our employees are also virtual. We don’t have a physical office. Instead, we interact […]

Pros and Cons of a 1031 Exchange

Jan 19, 2018

A 1031 Exchange allows real estate investors to defer the capital gains tax and use the full proceeds from a sale towards the purchase of another property. What is a 1031 Exchange? A 1031 Exchange is derived from IRC Section 1031, which states states: No gain or loss shall be recognized on the exchange of […]

What You Should Know About Forming an LLC

Jan 12, 2018

You can view the corresponding infographic by clicking here. LLCs: Should you, shouldn’t you, when is best, what will its formation do for you—these are just a few of the questions real estate investors have when I broach the subject of forming a limited liability company, or LLC. To make things a bit easier, I’ve […]

Advertise Your Rentals Now!  The BARRRR method vs the BRRRR method

Jan 3, 2018

You can view the corresponding infographic by clicking here. Once upon a time, the BRRRR Method was the end-all-be-all way of maximizing your real estate buying power. But now, a new and more effective addition has been made to this method: the introduction of the “A,” which stands for advertising. Now, using the BARRRR Method, you […]

system

Introducing Our New Deliverable Management System

Jan 1, 2018

If you work with us, you know we’re a tech heavy firm. Actually, we’re a tech only firm. We don’t believe in paper based workflows. As Kevin Smith, an Accounting Wizard at our firm says “people are inefficient, I’d rather manage technology.”

real estate effective tax rate

How Real Estate Investing Reduces Your Tax Rate

Dec 18, 2017

Investors dive into real estate for a variety of reasons. Some want to build wealth and others want to hold a tangible asset. There are great tax benefits of real estate investing and most investors agree that, while supplemental, they invest to reduce their tax burden. 

Time Is Money – Making Good Decisions, Better

Dec 13, 2017

Everybody wants to make a profit, and real estate investors are no different. Although in order to really make a profit, you have to know all the true costs and benefits that impact your bottom line ­­- and time is money, right? Money is easy to calculate as a cost, but time is one of […]