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 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 ...
If you want to make money online in 2024, good news: it’s easier than ever! Just ask today’s guest, who had to bootstrap his online business before you could launch a business with little to no startup costs. If you h...
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 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...
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...
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 ...
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...
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...