Hi,I was looking into investing in Crowd funding platform like CrowdStreet and EquityMultiple and want to reach out to see if anyone has used these platform.Can you please share experience? In general, I have heard th...
I've been reading a lot about both the Solo 401(k) and the Self-Directed IRA LLC. From my layman's perspective, it would appear at first glance that Solo 401(k) is the way to go. No custodian to deal with and higher...
Hi, What do i I need to write off travel that is used to look for a property to invest in?Do I need a business license ?Can I write off all expenses from the trip, such as hotel, meals and travel costs like gas, or ai...
Hello BP,Current Situation: I currently rent 3 bedrooms from a family friend. This was supposed to be a short term way for my wife and I to save money while she finished school. A few years and one kid later, we are s...
I have a question about a future 1031 exchange my fellow BP’s. Currently live in a owner occupied 5% down conventional loan home. I’ve own the home for a year to date. I want to buy a new home to do a live-in flip and...
A guest staying at my AirBnB is saying his company requires him to get W-9 from any rental he stays at. Will this be an issue for me come tax time? AirBnB already reports my rental income from what I understand. If h...
Hello, just received the following email saying I owe additional pro-rated property taxes for a recent flip that closed in late September. Anyone else had this happen? It seems to me that this was the Title Company's ...
Hello everyone. I wanted to lean on some of you that have experience. My in laws live in Greenwood SC said they do not want to own any more the would rather rent from us so we can benefit from the tax advantages. They...
Does your current tax advisor keep you updated with new modifications to the tax code?