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Can I pay a contractor with cash, but still write it off as a business expenses. If so, what is the best method for doing this? Should I be creating invoices and receipts to document and show proof of money's going out?
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Hello Bigger Pockets Community,My name is Eric. I have been on bigger pockets for about four months now. I have been learning the wholesale side of real estate investing by running the deal analysis department of Eggl...
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Greetings to the Bigger Pockets community. While my full time profession is in the securities brokerage industry, I have been working on the side as an amateur RE investor. I started 4 years ago with my first purcha...
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This is a very basic question so I apologize in advance:I racked up a LOT of meal / entertainment receipts for being an agent / Property manager. Am I trying to use them to evade taxes and deduct my day to day meal e...
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Hello,I am new to bigger pockets. I am reading through the beginner guide to real estate investing. The guide has a chapter on creating a business plan. Is it crucial to have a complete business plan before attempt...
I attended a real estate investors meeting for rehabbers last night. The leader lead a presentation on how to determine an offer amount on distressed properties. While the information seemed very useful for the many...
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Hi, I'm a newbie from Kennesaw, GA. My husband and I are in the process of looking for our first investment property in the Kennesaw/Woodstock/Acworth area (and parts of Marietta). Our strategy is buy and hold, our ...
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Hi BP Family,
Long time lurker, first time question regarding STR offers & transition of ownership. We've read a couple books and listened to several dozen hours of podcasts recently from BP, The Short Term Show...
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Hey guys!I'm Ethan Griffin and I am completely new to the real estate investing world. I graduated from the University of Tennessee, Knoxville with my bachelor's degree in Architecture and am working full time as an "...
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Hi all,
I'm taking the plunge into commercial real estate investing - specifically apartment buildings - and so for those of you that currently are apartment building owners, did part of your analysis prior to purcha...