Keeping records does not have to be a nightmare. You can use simple and practical solutions to ensure that you are keeping good records. This article will explain why you should be recording your transactions so that you can follow the five best practices for making sure your records are…

Investors looking to purchase foreclosed properties may not be aware of the wealth of opportunities available through bank-owned homes. Savvy investors who take the time to learn about the REO process can uncover a huge opportunity for themselves in the form of great bargains. REO, or “Real Estate Owned”, is…

Are you aware of the different subset of fees that exist on the settlement statement? Are you able to accurately estimate your closing costs on your next purchase? If you are not confident in your answers to the above two questions, then this will be a helpful line-by-line walk through…

I get asked this question frequently: “What would you do if you were starting over?” I answer: It depends. It depends on the circumstances in my life. It depends on how much money I have at the time. It depends on how much time I would have. What I’m going…

BRRRR is an acronym that stands for: Buy, Rehab, Rent, Refinance, Repeat. This strategy of real estate investing has become popular among investors who may not have the 20–25% down payment to invest in a long term deal or for seasoned investors who want to do more deals with the…

After a long tax season, I’m finally ready to get back into writing articles. This year taught me a lot with seeing what various clients do for their bookkeeping (or lack thereof). In this article, I’ll be discussing the most common mistakes I saw during this year and what you…

Switching over accountants can be a messy transition. However, it does not have to be that way. By knowing the documents you need to be responsible for, it will make you better prepared. Generally, the investor that is most prepared will get their tax filing done in a timely fashion…

If you want to maximize the benefits of investing in real estate, craft a proactive strategy for maximizing tax savings and other benefits for your business. Here, I explore each component of the tax return, starting with the federal portion. Overall Outlook on Tax Rates Wage Income (W-2) Interest Income…

From time to time, we outgrow our current accountant. At that point, it is always wise to switch to another accountant that is best suited for your needs. When this occurs, you provide the new accountant your prior year tax return. It is absolutely crucial you provide them with the…