David Woodside
500 hour rule - material participation
15 January 2025 | 12 replies
I would tend to agree with the other CPAs typically.The 500-hour test is one of seven material participation tests used by the IRS to determine if a taxpayer is actively involved in a trade, business, or rental activity.
Jack Miller
New to Investing
16 January 2025 | 1 reply
It’s great to hear about your goals—wholesaling is a fantastic way to build capital and experience for rental properties and flips.I’d love to connect and explore how we might work together to grow our businesses.
Suzanne Chan
A&M Courtyard Apartments
17 January 2025 | 2 replies
I expect this will draw more business to this area.
Michael Plaks
Reminder about TurboTax, H&R Block and avoiding tax professionals
15 January 2025 | 3 replies
And this does not even involve business or real estate!
Chris Magistrado
Cybersecurity, Recruiting, or Real Estate?
14 January 2025 | 3 replies
I'm not accredited, and unless my business explodes, it's not likely I will be in the next few years.
Elvon Bowman
First time acquisition
16 January 2025 | 12 replies
Trustin your PM partner is important and they will follow your lead, so don't expect them to provide you with your business plan.
Adam M.
Cost for a Tax Specialist
13 January 2025 | 7 replies
Bigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Gabriel Williams
Hello from Racine
23 January 2025 | 9 replies
I love learning ideas to make my business better from other local investors.
Michael Deering
Buying Rentals in Japan
25 January 2025 | 15 replies
Sometimes occupants still live there and eviction is not easy, and I have even heard a story once that the yakuza are involved in the construction and real estate business and exorted money from buyers through occupants in these properties.
James Wise
Comically Bad Realtors
21 January 2025 | 10 replies
Helps reinforce good work habits in my business.