I recently left my travel industry of one year and am currently a nanny making more money (roughly $800-$1000) a week however this is cash so it is non-taxable income. I also work part time as a server for extra money...

I have funds sitting in my company sponsored 401K plan; however, I would like to transfer the funds over to a Solo 401K to invest in RE. From watching Youtube, one of the requirements of opening a Solo 401K is that yo...

I just had the privilege of going through my first tax audit and fortunately came out with a no change. However, I wanted to take a second to remind any investors who are still gainfully employed, and self manage thei...

My partner and i have just combined companies. I have oil and gas wells and my partner has some real estate properties. We are already off to a great start using our lines of credit to purchase our first single family...

Has anyone ever done a cost segregation without the use of a firm that charges a lot for it? I have a buddy that's doing it himself and providing an excel sheet to a legitimate accountant. Any pros and cons to this?My...

I am wondering how I can account for cash expenses. I have a rental property that I did not have time to paint so I paid a friend cash to paint the rooms over the coarse of a few days. I am wondering how can I track t...

I've run into some confusion at the last moment with my 1031 exchange and was hoping to get lucky and catch someone who knows the right answer.In short, I've got a settlement statement for an occupied multifamily prop...

I have a question….have anyone ever signed up for the Jerry Norton 10k challenge? If so is it legit ?,and Did you do a deal with him?

First pass at something like this. Is it legitimate? What are the pros and cons ? I've read online that the payee should be on the lease as well. Red flags ? This is in Michigan if that makes a difference.

Rent is 6...

Hi everyone. I'm looking at some properties in New Jersey, and some have 5 acres. More land = higher taxes right? But what if I did what I could to legitimize it as a farm property, even though it's not. Would there ...