Julian Florescu - CPA I Realtor I Mortgage Broker

My latest newsletter with data about October CA housing, Current Mortgage Rates and Tax Planning tips is out.

Stay ahead: CA Housing Market, Mortgage Insights, & Tax Strategies - http://eepurl.com/i4Bkl-/

Health Savings Accounts (HSA): A powerful yet often overlooked tax-saving tool!

At our practice, we incorporate strategies to maximize tax-deductible health and retirement benefits as part of our comprehensive tax planning approach.

During our complimentary tax assessments for new clients, we’ve found that many solo business owners are unaware of their eligibility to open and contribute to HSAs.

Contributing to an HSA can provide tax savings in the year of contribution and allows you to spend on eligible medical expenses tax-free.

Interested in learning more? Reach out, and let’s assess your current tax situation!

It Happens All the Time!

Clients come to me with these penalties notices:

🔹 They forgot to file an extension, and now, in the eyes of the IRS, they’re late on filing and facing failure-to-pay penalties.
🔹 They filed an extension but paid less than they were supposed to by the April 15th deadline, facing underpayment penalties.
🔹 They didn’t make estimated tax payments and are now hit with underpayment penalties.

🚨 To top it off: Interest is applied on top of the penalties — around 8% given today’s high-rate environment and adds up fast. 💸

💡 Good News: If you have a history of good tax compliance, the IRS may waive these penalties through the “Penalty Relief Due to First Time Abate” program or other administrative waivers.

➡️ Clients can contact the IRS tax line for individuals or learn more here: https://www.irs.gov/payments/penalty-relief-due-to-first-time-abate-or-other-administrative-waiver

Need help with tax planning or compliance? Reach out! I’m here to help. 📞

Here is my latest newsletter with data about September CA housing, Mortgage Rates and Tax Planning advice.
Check it out!

Stay ahead: CA Housing Market, Mortgage Insights, & Tax Strategies - https://mailchi.mp/8f45f860555f/july-2024-market-report-5851494

The 2023 tax season is pretty much behind us, but keep in mind, this is just the IRS tax deadline.

Proactive taxpayers work with their tax professionals throughout the year.

This step adds the most value and can potentially save you a significant amount in taxes.

Unfortunately, too many people wait until the IRS deadline to take action, and by then, it’s often too late.

Have you started your 2024 tax planning?

Reach out and let’s discuss your situation before is too late!


I AM THRILLED to have successfully closed this challenging mortgage loan in just 10 business days, despite numerous obstacles.

The loan was transferred from another lender who couldn’t deliver, and we faced a tight deadline before the seller would cancel. By leveraging creative solutions and, most importantly, maintaining clear and transparent communication with all parties, we kept both the buyer and seller engaged and achieved a successful closing.

While some blogs and social media posts might make the mortgage process seem straightforward, the reality is that many loans are highly complex. They often require deep expertise in reading intricate tax returns, documenting sophisticated asset sources, and navigating unique financial scenarios.

Working with a seasoned professional who understands these complexities and knows how to present the strongest case to underwriting is crucial.

Are you ready to get pre-approved for your next investment property?
Do you need insight that goes beyond interest rates or monthly payments?

Would you like to understand the tax implications or analyze key metrics that predict how your new asset will perform?

You need more than just a Loan Officer.
You need a CPA, Mortgage Professional, and Real Estate Broker all in one.

Get in touch with!

Many taxpayers are confused about tax filing deadlines for different entities. Most assume that the deadline for all entities that filed for an extension is October 15th.

This is not the case.

It’s important to know the specific filing deadline for your entity. Missing the applicable deadline can result in penalties, so ensure you’re filing on time.

We’re currently accepting new clients. If you need reliable tax planning services that maximize savings while ensuring compliance, feel free to reach out!

Check out my latest newsletter, where I bring together insights on Real Estate, Mortgages, and Taxes. Gain valuable tips to optimize your real estate investments, find competitive interest rates, and apply effective tax strategies to save money.

Stay Ahead: May 2024 CA Housing Market, Mortgage Insights, & Tax Strategies - https://mailchi.mp/92363b404fd9/july-2024-market-report-5693305

Another one closed! Another happy borrower!

This refinance helped the client lower their rate by almost 2%, saving them a considerable amount every month.

The initial purchase was made with a nontraditional loan at a very high rate, and the large payments were taking a toll on our client’s finances.

They applied to refinance with two other lenders and almost lost hope because both attempts were unsuccessful.

The main issue was a change in one of the borrower’s employment. She sold a business and then got a W-2 job, starting part-time and later switching to full-time.

With creativity, I was able to qualify them by using the income from only one borrower with a stable employment history.

It took a lot of back-and-forth arguments with the lender’s underwriter about the calculation of the debt-to-income ratio, but with patience and persistence, I was able to succeed.

Now I have another happy customer waiting for the rates to go down again so we can lower the payment even more.

I am a mortgage professional expert in difficult, borderline scenarios, ready to help Realtors’ most challenging clients get the optimal financing.

Reach out and let’s discuss your next clients financing situation!

This is a perfect example of how I help clients close deals when things get tough!

The loan was initially submitted to Rocket Mortgage Retail and was declined. The inexperienced Loan Officer unnecessarily submitted the buyer’s request for repair form to the underwriting team, which disclosed various cosmetic items to cure (none of which were safety hazards).
This form is not required by lenders as part of the package and was simply submitted by mistake.

When I got the call, the buyer was ready to cancel as he had lost hope of closing before the set close of escrow date and did not want to risk losing the earnest money.

I repackaged the loan, submitted it to one of my trusted lenders, and got it done in 14 days, requesting only a 2-day extension.

The buyer was also able to get a lower rate at no cost compared to what was offered at Rocket.

REALTORS

Do your clients have trouble closing?

What sets me apart is that as a Real Estate Broker, I understand in detail all the real estate paperwork, the real estate process, and what you and your client are going through.

My finance and tax knowledge allows me to come up with unique solutions for your buyer’s most challenging loan scenarios.

I am also able to address complex tax compliance and planning when needed.

Let me help you provide valuable added value to your clients!