Julio Gonzalez
The Home Office Deduction
The tax deadline is just around the corner and you want to be sure you don’t miss out on the Home Office Deduction! While you may not see a huge tax deduction like you would with cost segregation, energy credits, bonu...
Lane Babb
Is now the best time to ramp up marketing spend? A survey
Hey all, I wanted to get an idea of what everyone is else doing in regards to marketing during these times. I've seen a lot of businesses in various different walks of life make drastic cuts and changes. What's your p...
Logan Sierra
Cash flow neutral vs Sell
BP,BLUF: Based on raise in HOA/fees in our current home and the decrease in rent based on current market there is a possibility that we would have to rent at cash flow neutral. Our initial decision to rent was based o...
Will Stahl
Creating an LLC for my Wholesale business: What can I write off?
Hey Everyone,Right now is an exciting time for me. I'm diving into the adventure of wholesaling and am beginning to explore options to create my deal funnel. Along with this comes expenses and given that this is my fi...
Justin Wilson
Tax Deductions for Closing Costs
Hello,I'll be refinancing a duplex I own in a couple of months. I plan to pay the closing costs out-of-pocket so I don't have to finance them. Can I consider the closing coats a business-related expense and deduct t...
William Maschinot
HomeVestors
I am looking at purchasing a HomeVestors franchise. Any thoughts, good, bad or indifferent?
Luke Siecinski
How to write off real estate education course purchased on taxes?
Hello!In 2022 I purchased a real estate course and am wondering if it's possible to write it off on my tax return. I have just one investment property that I rented out Feb-Dec of 2022. Other than that I am a full tim...
Shaniqua Knight
How To Determine Rehab Cost
Happy Friday BP!I could use some guidance. I feel like I see a lot of distressed properties that I want to flip/ I think I just have hard time determining construction cost for two different reasons. The first one bei...
Johnathon Freeman
Starting a business while living in/renting a quadplex?
I am thinking of getting an FHA loan to get a quadplex while simultaneously starting a business. I would live in one unit and rent out the other three so I can live for free and focus my capital on the business. What ...
Will Barnard
Real Estate commissions based on sales price
I ahve recently had several debates with several agents and others regarding how much agents should be paid for contracted price.
The scenarios that come up with me are this: If you list a property for $300k and an o...