My goal: I want my family to be financially independent in a foreseeable future. For that I need to have monthly income of about 4k to cover my current expenses. I think that I am comfortable with investing in Rental ...
We just set up our LLC in Illinois to flip houses. I'm preparing to file for our EIN with the IRS and need to decide if we want to be taxed as an S-corp or partnership. I'm all for S-corp except for the requirement ...
My accountant has taken the position that health insurance premiums for full-time, self-employed real estate investors are not deductible on Schedule E since real estate is not technically considered a business ...
Hi, I am just starting out as a real estate investor and had a question. At what point do you need to register my business? Can you create a website or market a business name prior to registering my business? Thanks.
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I have been following WeWork for while now wondering what is the big deal? $45B valuation? For what? They are valued and treated like a tech, but they did not create anything new. The sobering light of their finan...
I have combed a few forums but have not found a variant for my questions that I am needing help with. I own two duplexes that were purchased in 2019; one in my personal name and one in the business. Both were in ser...
So far I have been working on my business plan following the RE investing guide template on bigger pockets. This is my rough draft up to this point in time. Is this what it should be looking like and does this sound ...
Hey, trying to get my head around the new REI tax laws and I've got a bunch of questions. I've looked into hiring a firm to help but they are thousands and thousands and I don't even know what I need until I get some...
To my Canadian friends, I have only ever invested in the US. I have done two turn key deals and recently bought 3 properties at a tax sale. I really want to grow my business in the US, however my new cross-border acco...
Do you as hosts pay the airbnb service fee or defer it to the guest? Standard is 3% fee for the host and 20% fee for the guest. But, if hosts choose to pay the guest’s fee, airbnb will knock that 20% down to 11%. So t...