All Forum Posts by: Fulton Abraham Sanchez

Arthur, hi. You've come to the right place, there are over 20 enlisted CPAs here in Biggerpockets working with real estate investors across different states. Feel free to reach out to one and set up a consultation call.

Hi @Bastien Granger, you've come to the right place. There are over 20 active CPAs here in BiggerPockets assisting RE investors with their tax planning. Make sure to reach out to one with real estate experience.

From what you've shared, it sounds like you need someone to help you properly register your LLC with the Tennessee Department of Revenue, apply for a State Tax ID, and advise whether getting an EIN is better for privacy and administrative ease. These steps are part of setting up your real estate investment for compliance and long-term success.

Please email them directly, as we are not allowed to self-promote.

Hi @Jennifer Panian, you've come to the right place. There are many active CPAs on BiggerPockets who specialize in real estate. For your situation involving a large taxable event, cost segregation on a commercial property, and aiming for REP status while managing your SFH rentals, it's best to directly contact one of them with specific experience in these areas. They can analyze your structure and plans to ensure you meet all legal requirements for cost segregation and REP status. Please email them as we are not allow to self promote.

Hi @Jeremy Santy, you've come to the right place. There are over 20 active CPAs here in BiggerPockets that can help you evaluate the feasibility of structuring the sale, explore legitimate tax deferral or minimization strategies, understand the long term tax implications if you decide to pursue construction and sale projects and ensure you comply with all applicable tax laws. Make sure to reach out to one with real estate experience.

Hi @Kathy Creighton-Smith,

I’m a CPA and real estate investor myself, and I work exclusively with clients like you who are building rental portfolios across multiple states. We help structure investments, optimize tax strategies, and ensure compliance — even if you already have a CPA for your primary business. Looking forward to connecting! 

Hi @Arthur Luay, I understand your situation as you search for the best way to save for your first long-term rental property. Given your goal of building significant equity for a down payment, especially considering housing prices in your area, it's crucial to carefully evaluate the tax implications of each savings option, but you've come to the right place, as here at BiggerPockets, there are more than 20 CPAs who can help you.

As with loan consolidation, REP status, and potential cost segregation in existing properties, the way you save for your initial investment can also have significant tax consequences. I highly recommend speaking with a CPA with real estate experience. Even a brief consultation could clarify the most tax efficient savings strategy to achieve your rental property goal.

Hi @Matthew Waggoner, it looks like you're at an interesting stage with your properties and the new LLC. Handling the tax implications of loan consolidation, REP status, and potential cost segregation can be complex. Many investors find it very helpful to speak with a CPA experienced in real estate in these situations. Even a brief consultation could give you clarity on how to proceed and optimize your deductions.

@Jonathan Thomas Hi, 1031s defer taxes on investment property reinvestments. Your California house might have a big primary residence capital gains exclusion, Nebraska is likely taxable. 1031 rules depend on investment use and the equal or greater value generally applies to what you sell. Selling both complicates things.

For specific guidance on your situation and taxes, you've come to the right place. There are more than 20 experienced CPAs on BiggerPockets who can help with 1031s and real estate taxes. Please email them directly for expert advice and they can give you the clarity you need.

@Morgan Painter Hi, I see you're looking for concrete numbers on the capital gains from your second home and are waiting on info from your CPA. Smart to plan ahead. 

Generally, there isn't an automatic capital gains exemption on a second home just for owning it for two years. It's very likely you'll owe taxes on the gains when you sell. To get precise figures and understand how this applies to your situation, you've come to the right place. 

There are over 20 active CPAs here in BiggerPockets assisting RE investors with their tax planning. Make sure to reach out to one with real estate experience, and they can give you the solid numbers you need. Please email them, as we are not allowed to self-promote.

Hi Tyler, That’s a really tough situation — sorry you’re going through it. When a 1031 exchange fails, the tax liability can be significant, especially if the timeline or identification rules were not followed precisely.

In situations like this, it often helps to have a third party review the full communication trail and timeline between the exchange agent and legal counsel. Misalignment between professionals happens more often than people think, especially when roles and responsibilities aren’t clearly confirmed in writing.

You might consider speaking with RE tax pro experienced in post-1031 tax consequences to see if there’s any room for relief or mitigation, depending on how the transaction was structured. Sometimes there are still planning strategies that can be applied — but timing is key.