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11 October 2020 | 5 replies
The court first noted that a taxpayer may establish hours of participation in a real property trade or business by any reasonable means.18 The court further stated that this does not require contemporaneous daily reports and that reasonable means includes “appointment books, calendars, or narrative summaries” that identify the services performed and “the approximate number of hours spent performing such services.”Nevertheless, the court also stated that it was not required to accept a postevent ballpark guestimate or the unverified, undocumented testimony of taxpayers.Note: The court also did not count any hours for seminars because it found the taxpayers did not present evidence to show how the seminars related to the residential rental activities
14 October 2020 | 56 replies
This is an ever changing industry - laws and documents change daily.3.
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16 October 2020 | 5 replies
@Michael Snowball I totally agree spend your energy on deals not daily management of your properties.
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22 October 2020 | 43 replies
And with the news and information changing daily.
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13 October 2020 | 1 reply
Hey guys, just looking in the BP's Bookstore, and for some reason I'm unable to purchase Brandon's book on the Daily Intention Journal as it won't ship to Canada?
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16 October 2020 | 13 replies
@Ryan Cleary Yeah I'm trying to get more involved in the community and listen to a variety of podcast daily I do wonder what the best way to get started is or what my first job should be to fund my future investments.
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18 November 2020 | 2 replies
As I was going through my daily readings, a burning question came to mind and I was curious to learn from all of your experiences.What ultimately made you make that first real estate purchase and get into RE investing?
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21 December 2020 | 3 replies
Additionally ask your drywall person to install moisture resistant drywall in the bathroom areas that are more prone to moisture.On a side note Do you have elevations for your new construction curious to see?
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3 December 2020 | 19 replies
I have a realtor sending me deals daily, I'm in many local Facebook groups in my area and come across deals that way as well.
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21 November 2020 | 5 replies
What are your daily do's?