Looking for ideas, not specific investments but general ideas, on sheltering income from tax by investing in real estate.  I will be earning some significant sums of income over the next two years.  Unfortunately none...

I have done some searching, but I did not find the answer I was looking for on this topic. Lets just say I decide to set aside $300/month for 12 months and I show it as an expense on the P&L. Now it is tax time! I...

I followed the steps from the articles written on this site for my first flip.  This helped me find, evaluate, rehab and sell my first investment property.  Backstory is- I purchased a near foreclosure SFH for $105K, ...

President Bush today proposed an economic stimulus package amounting to 1% of GDP. His ideas included:

Immediate implementation
No Tax Increases
Bolster business and consumer spending
Tax rebate check
No Spending Pr...

Hi all, I am thinking of lending money to a friend as a promissory note. From what I understand, the interest on the note is subject to my personal marginal income tax rate. Is that correct?Any ideas on how to reduce ...

I just closed on my first deal on Friday! I bought a piece of land and then immediately sold it on contract for deed. Im all in for about $6,000 which I used my HELOC for. I have another deal in the works that would p...

Greetings everyone,I was wondering if, for example, I earned $200k in one year working and decided to invest it all in a property (single or multi) all cash, would I have to pay taxes on that investment, or is there a...

Question for the BP forum? What do you do when you are tapped out of liquid cast to jump on a deal? This is for general knowledge and also evaluating my situation question. Say you have a seller that wants out complet...

I am looking to hire my 7yo son as a household employee. Mainly Supervising his 2 year old sister while were home so we can complete tasks such as cooking and laundry.
I do not own a business. Am I able to do this ou...

Hello everyone,So if you go to my main page your will see that I invested in 3 properties the same year. This situation started in 2018 and I was all over the place. Then my husband wanted to buy a gas station and ma...