Blog Posts The Real Estate CPA Pros and Cons of a 1031 Exchange Royal Legal Solutions How Full-Time Real Estate Investors Save Thousands In Taxes By Electing To Be Treated As A Real Estate Professional Is My Airbnb Subject To The Self-Employment Tax? Fund That Flip Taxes on Flipping Houses: 4 Tax Traps You Should…
How it All Started My real estate journey began back in the summer of 2014. My great uncle had just passed away and in his estate was his primary residence. It was a small house on a relatively large lot located in a town called Bethpage and was right down the block from the Long…
Why Listen to Audiobooks Instead of the Radio? Morning Radio is Garbage Ever since I started driving back in high school, I’d turn on the radio to “rock out” before class, work, or whatever. I don’t know why it took so long for me to notice, or to care, that 50% of the time there…
The summer following my college graduation, I started an internship from the national accounting firm BDO USA, LLP. After the internship, I received a full-time offer and was set to start in October 2014. Before I got too far removed from study mode, I knew I had to pass the CPA exam…
The No BS Guide to Passing the CPA Exam How to pass the CPA exam on the first try while working full-time. Table of Contents Introduction Commitment Setting deadlines Which order to take the exam Creating habits Time saving secrets Cut out the lectures Drill multiple choice and sims Rewriting notes & questions Avoid distractions…
What is consumer debt? And why you stay out of it! What is consumer debt? In essence, consumer debt, or bad debt, is money borrowed to purchase anything that does not generate income. Bad debt can also be called consumer debt because most of the time it is used to buy consumer products. These…
What to do with the surplus cash? So you are now in the habit of paying yourself first. The next question is what to do with the money. Before you dive right into funding your investment account, there are a few things you should take care of first. Get rid of consumer debt…
A 48 unit multifamily property. The Beginning The journey toward my first real estate investment began only a few months after attending the multifamily weekend in August 2014. At the April 2015 group meeting I saw one of the guys I met at the multifamily weekend. He became a coaching client of the real estate…
The CPA license is VITAL to your accounting career. Don’t let others tell you otherwise Over the last few years I have met many accountants from different firms and companies. Some, insist that the CPA license is optional for a successful career in accounting. Whether you work in public accounting or private industry, I’m…
To create wealth you must make your money work for you. You can start by paying yourself first. The purpose of paying yourself first One of the most important rules for building wealth is to spend less money than you make, so you can save the surplus. The surplus is not saved for…