The Unofficial Phrase Book of Bigger Pockets Tax Forum

The Unofficial Phrase Book of Bigger Pockets Tax Forum

Michael PlaksPro Member
Tax Accountant / Enrolled Agent · Houston, TX · Member since 2014 · 5k+ posts · 6k+ votes

I hope this little tongue-in-cheek guide will help some investors new to our forum.

Code phrases:
- I recommend you work with a CPA specializing in real estate.
- Hiring a specialized CPA can save you thousands.
- It's important to find a CPA who understands real estate and is an investor himself.
- I recommend finding a CPA who provides proactive tax planning.

Translation: It's me who I highly recommend.

Code phrases:
- Bookkeeping is where all your tax benefits start
- I recommend you work with a bookkeeper focusing on investors
- You definitely should outsource your bookkeeping

Translation: I'm a bookkeeper.



Code phrases:
- Cost seg will definitely help you save on taxes
- You definitely should consider cost seg
- I recommend a full engineered cost seg study
- The IRS only accepts engineered cost seg studies
- I recommend you obtain a free estimate from a cost seg firm

Translation: I'm working for a firm doing full-service engineered cost segregation. 



Code phrases:
- I recommend you look into properties in ____ area
- In my experience, _____ area provides excellent ROI/cash flow/appreciation

Translation: I'm a Realtor/wholesaler servicing _______ area. 



Code phrases:
- I highly recommend this guy. He is awesome.
- Send me a PM if you want a recommendation of a great guy.

Translation: I'm a proxy promoter for my friend / my boss / my business partner / my boyfriend etc.

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Most Popular Reply

Aaron ZimmermanBusiness Member
Accountant · Chicago, IL · Member since 2018 · 2k+ posts · 1k+ votes
8mo

@Michael Plaks totally agree. I don't think you need to stoop to their level. You're quite established on here so your reputation precedes you. 

See this reply in the discussion

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  • Aaron ZimmermanBusiness Member
    Accountant · Chicago, IL · Member since 2018 · 2k+ posts · 1k+ votes
    8mo

    There's real estate terminology and then there's BP terminology. As you've stated many times before, service providers can't directly advertise in the forums unless they're in the classified sections. 

    sometimes - you'll see people just disregard the BP rules so no translation is required!

    • Michael PlaksPro Member
      OP
      Tax Accountant / Enrolled Agent · Houston, TX · Member since 2014 · 5k+ posts · 6k+ votes
      8mo
      Quote from @Aaron Zimmerman:

      There's real estate terminology and then there's BP terminology. As you've stated many times before, service providers can't directly advertise in the forums unless they're in the classified sections. 

      sometimes - you'll see people just disregard the BP rules so no translation is required!


      I'm fed up with many of our colleagues consistently breaking the rules which are rarely enforced. Considering joining the Dark Side.

    • Aaron ZimmermanBusiness Member
      Accountant · Chicago, IL · Member since 2018 · 2k+ posts · 1k+ votes
      8mo

      @Michael Plaks totally agree. I don't think you need to stoop to their level. You're quite established on here so your reputation precedes you. 

  • Member since 2025 · 324 posts · 121 votes
    8mo

    Haha. Very true.

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