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All Forum Posts by: Ben Trageser

Ben Trageser has started 10 posts and replied 209 times.

Post: Do I need a Real Estate Tax Accountant?

Ben Trageser
Posted
  • Accountant
  • Montclair, NJ
  • Posts 212
  • Votes 97

I'm a little biased but I think having an accountant that specializes in real estate and speak your language can always be helpful. We have clients that have come to us from other providers and been able to provide them with strategies to help mitigate their exposure. It also depends on the complexity of your flip and how your bookkeeping has been for expenses.

Post: new member from pennsylvania

Ben Trageser
Posted
  • Accountant
  • Montclair, NJ
  • Posts 212
  • Votes 97

Welcome Rachel!

Post: CLT Real Estate Agent new to the forums

Ben Trageser
Posted
  • Accountant
  • Montclair, NJ
  • Posts 212
  • Votes 97

Hi Matt! Welcome to the forum.

Post: Looking for flip opportunities in NJ

Ben Trageser
Posted
  • Accountant
  • Montclair, NJ
  • Posts 212
  • Votes 97

Hi Gene! Hope all is going well. I'm in the similar market and have a good amount of connections. Happy to discuss more.

Post: Convert 6 unit multifamily into condos and 1031 individual units

Ben Trageser
Posted
  • Accountant
  • Montclair, NJ
  • Posts 212
  • Votes 97

Hi Ilia - Whitney Nash could help you out. I'll send you her contact information.

Post: Use HELOC to buy, then refinance into mortgage?

Ben Trageser
Posted
  • Accountant
  • Montclair, NJ
  • Posts 212
  • Votes 97

You may be able to help with this @Denver McClure

Post: New to the group

Ben Trageser
Posted
  • Accountant
  • Montclair, NJ
  • Posts 212
  • Votes 97

Welcome to the forum! What type of business do you own?

Post: Going without landlord's insurance. Have you done it?

Ben Trageser
Posted
  • Accountant
  • Montclair, NJ
  • Posts 212
  • Votes 97

Seems like your gut is telling you not to. I personally wouldn't hold a property without it.

Post: Does this value-add opportunity increase the value of my property?

Ben Trageser
Posted
  • Accountant
  • Montclair, NJ
  • Posts 212
  • Votes 97

I think it would give it a little bump in value but it all depends on the buyer. Personally, I'd spend a little more if I knew there was significant value add there.

Post: Can I use the 1031 exchange to buy my primary residence?

Ben Trageser
Posted
  • Accountant
  • Montclair, NJ
  • Posts 212
  • Votes 97

@Jeff Nash Whitney could help with this