How to Invest in Real Estate with Your Retirement Funds – Part II

Oct 26, 2017

This is a guest post from our friends over at Sense Financial. You can check them out here: https://www.sensefinancial.com/ See Part I here: https://www.therealestatecpa.com/2017/10/19/invest-real-estate-retirement-funds/ “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid in full, and managed with reasonable care, it is about the safest investment in the […]

How to Invest in Real Estate With Your Retirement Funds – Part I

Oct 19, 2017

This is a guest post from our friends over at Sense Financial. You can check them out here: https://www.sensefinancial.com/ “Don’t wait to buy real estate. Buy real estate and wait.” ~ Will Rogers, Actor As an asset class, real estate enjoys a history unlike any other modern investments, dating back centuries. In the good old times, […]

flipping

Are Your Flips Subject To Self Employment Taxes?

Sep 21, 2017

House flipping can be one of the most profitable and popular forms of real estate investing. There’s a reason why flips are one of the most popular genres of TV. According to a recent report by ATTOM Data Solutions, the percentage of house sales that were flips doubled between 2015 and 2016, and was at […]

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Simplify Your Accounting by Using Separate Bank Accounts

Sep 13, 2017

I know I talk about the value of having separate bank accounts quite often, and I may seem like a broken record, but it is only because it is still one of the easiest suggestions I can make to my clients to take the accounts from stressful to simple.  As you your portfolio scales, your systems […]

recordkeeping

Why Recordkeeping is Essential for Landlords

Sep 7, 2017

While important for most industries, recordkeeping is absolutely critical for landlords—among other things, it can keep you out of a major legal snafu! Here, on behalf of The Real Estate CPA, I provide reasons why keeping records is so essential for landlords. Before knowing why record keeping is essential, you should probably know what records […]

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Top Five Financial Mistakes That Can Break Your Real Estate Investment

Sep 3, 2017

Real estate investment—a financial path fraught with blunders, trials and tribulations but a lucrative path nonetheless. Thankfully, it doesn’t have to be as tough, if you know what to avoid. Here we provide an expert’s insight regarding the top ten financial mistakes that can break your real estate investment, and how to avoid them! Buying […]

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Freemium Accounting; A Wave Software Review

Aug 21, 2017

Free can be an attractive word when you are on the receiving end.  Of course, certain free offerings, can make you think twice. Here, I’ll review the free Wave Accounting Software to help you decide if it is right for your business. The Wave Accounting software touts itself as being 100% FREE.  But then comes […]

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Accounting for Repairs, Replacements and Rowdy Tenants

Aug 21, 2017

Let’s face it, owning real estate isn’t all profit and glamour. Headaches happen: broken AC units, tenants who smash a window or punch a wall, refrigerators that need replacing—we’ve seen it all! But, how do you file these expenses come tax time? Here we explain how accounting works when dealing with repairs and replacements. IRS […]

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Why I’m Not Scared Of A Flat Tax

Aug 18, 2017

The Trump tax plan is rumored to be coming down through congress by the end of the year. Many of the conversations thus far have focused on a flat tax, a simplification of the tax code or even just the returns.  If you haven’t kept up to date with the who’s and why’s, Tony Nitti […]

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When Is It Appropriate To Hire A Property Management Company

Aug 16, 2017

At some point in your investing career, as you continue to build your portfolio, you will likely need to hire professional help to maintain and manage your properties. Such professional help is often called “property management.” Today I’m going to walk you through considerations on the timing of onboarding a property management firm. This is […]