Hi there, when my family and I travel, we simultaneously use that trip to look at potential investment properties. I was wondering, are any of those travel expenses tax deductible?

Hey BP family! I close on my first property this week and after closing, I'm wanting to get a business credit card to use for rental expenses purposes, particularly the things I'll need to purchase to prepare it for r...

Hello,

I'm planning to start a corp for REI purposes, most likely an LLC. I was told that buying a seasoned corp. and just become the personal guarantor for line of credit purposes would be best. I am really unsure o...

I am going to be closing on a 3-plex with a VA loan in the next two weeks or so. I think opening a new bank account to receive the rental income is what I am going to do. I would like to make it a business account, ho...

If you own real estate in a single member LLC, can you pass mortgage interest payments to be deducted against other personal income?  Or only against LLC income? thks

Hey, I am new to REI and am undecided whether or not to take out a personal loan to quickly amass my down payment for my first property?My wife and I both recently moved to Texas, have good jobs with no prior except l...

I own a trucking company (semi trucks) and a few of them i have personally guaranteed and appear in my credit report. My question is, in Texas my Taxes are usually net negative due to the ability for depreciation on t...

I am  very interest   and eager to start in real investing. I just started to read some books, because i  like to read, and maybe i will learn something valuable.  I have seen many articles, saying to start in one thi...

Purchasing second rental condo... Thoughts of owning in personal name (with spouse) with umbrella coverage vs owning them in a LLC (SM or Dual Member matter? I know taxes are a bit more complex as Dual member...)
Als...

Hello -I'm wrapping up repairing my first purposeful rental property (Yay!). Anyhow, I have hired some of the work out and paid that work with a personal checking account. Some of the work I did myself and bought mate...