If you have a rental portfolio, there’s a good chance that you have passive losses. If you’re above a certain income threshold, you likely have suspended passive losses. And if you’re not using a CPA well-versed in real estate taxation, you’ve probably been told that there’s nothing you can do about these suspended passive losses.
We’re a week into 2017 which means you’ve thought about or already set your New Year’s resolutions. Because you are in the business or real estate industry, you’ve likely heard, and potentially subscribed to, the fact that many New Year’s resolutions fall flat. Today I’m going to help you set in motion changes to your […]
One of my big goals is to read a book every month and let my readers know what those books are and my thoughts. The last book I wrote a review for was Atlas Shrugged which you can find here and I haven’t written another review since. I’ve been reading, I promise, I just haven’t had time […]
The best perk about being comfortable with investing at a distance is that you can easily analyze new markets without ever leaving your seat. Or beach chair if that’s more your thing. On top of that, you can connect with agents, place offers, and go under contract before you even see the property. Today’s technology […]
You’re a savvy investor. You’ve just turned one of your rental units and are ready to place a new tenant. A friend of yours mentions how well they have done with short term rentals so you figure you’ll turn to a popular platform and give it a try. AirBnB, VRBO, and Homeaway make it extremely easy […]
Big news coming out of D.C.! I was on the BP podcast and it just released today. A link to it is provided below. I hope you enjoy and feel free to email me with questions at firstname.lastname@example.org.
I’m going to show you an insanely easy accounting system to use in your rental business. I know it works because I use it myself.
It’s been awhile since I’ve last posted. Almost two months actually. I took a break both from writing for The Real Estate CPA and BiggerPockets mainly because business is heating up (a good thing!) and I’m trying to successfully implement my new monthly pricing model. It’s working well but has come with numerous headaches. The […]
The Section 121 exclusion is used to avoid capital gains on property that you have owner occupied. This article discusses a unique strategy allowing you to use the Section 121 exclusion while also maintaining ownership of the property.
An excellent book that will leave you questioning your values and morality. It’s a fast paced read focusing on economic and social strife and how entrepreneurs are impacted by regulatory bodies.