Hello Everyone.  I know this question has been asked and answered but I have been reading many different answers.  Please forgive me for asking these questions as I try to figure out how to use my SDIRA.I have an LLC ...

Hey all,In  my area I have seen a lot of RS5 lots being converted to RM-15A in my area in East Nashville.I currently have multiple RS10 lots in a row. All are previously R10 until the big change in the late 90s. 
I k...

Hi BP! Overthinking business structure when it comes to acquiring rental property. My husband and I started with:A 2 unit FHA house hack (loan in his name) and stayed for full year as required Then purchased a new pri...

Hi!Thad anyone purchased a gas station? Would love to hear your take on pros /cons or possibly network. thanks 

can depreciation from a rental property be used against paycheck income?

In the realm of real estate investing, the IRS sets guidelines to differentiate between active and passive participation for tax purposes. Understanding these rules is crucial as they impact how investors can deduct l...

Hi all
I have a previous house (now rental) that is quite underwater. I paid about 10k in repair costs this year for a new HVAC and the basement had to be excavated due to the plumbing collapsing under the house. Ye...

I purchased a rental property earlier this year, and it will be my first year not taking the standard deduction. I met with a tax professional I found through BP, and in our planning call, she mentioned that if you ar...

Financial Independence Retire Early (FIRE).  It seems to be everywhere these days.  I just heard on a podcast that there is a movie coming out in a few months about the FIRE movement - which sounds awesome.  I'm sure ...

HiI’m looking for a tax advisor or strategist who is familiar with NC taxes (this is where we’re located) and can help us lower our W2 taxes.We have one long term rental and another property closing soon. So we’re try...