Hi there, 
I was a Texas resident last year and purchased a primary residence (duplex) in California which I didn't move into until this year (2021). Usually my dad does my taxes as they are really straight forward, ...

I closed today on a 4plex! I will be living in one of the units for rent free (or +/- $100 depending on utilities). I formed an LLC and opened a business bank account. Question: Question, what is the best way to use t...

Hi all,I started a LLC in 2018 and didn't make any money on it.Do I need to list that on my tax returns?Thanks,Ben

Hello BP'ers:I am in the process of starting out as a wholesaler.  While I haven't completed my first deal yet, I want to start to set different things up that are associated with my business.  I know that I need to k...

This is just a post about some things I learned about opening a self directed IRA.I recently opened a self directed IRA and transferred some after-tax money in my employer's 401k managed by Vanguard, to the self direc...

Accountant is paid to hide my income banks tell me they won't lend because of ratio. How do I get around this

If you buy a rental property under an LLC, do you have to pay taxes on the income in produces? I'm located in Michigan.

Just a very short rant here, but I can't help myself. Just finished my taxes and it came to 136 printed pages! That is absolutely NO exaggeration. That's a book. Uncle Sam is requiring his citizens to write a book f...

Hello everyone!  I know the criteria to be a RE Professional is 750 hours in RE and more hours in RE than any other job.  My accountant told me that I need to spend 750 hours PER PROPERTY which does not make sense.  H...

Hey I currently wholesale in charlotte,north carolina with dreams of one day buying a house. However from my understanding being self employed can cause some obstacles in order to be approved for a home loan. I was wo...