Hello again BP! I completed my first deal last fall and now have a Duplex. I am trying to find out how to be more tax efficient. Long story short, I had an idea and was wondering if this is feasible. Any advice if gre...

I know that looking at someone's car is a great indication of how tidy of a renter they are going to be. Well, I had a gall drive up for a showing in a nice Suburban with her mom and we ended up renting to them (d...

Dear BP family, I am finally on my way to start my small business. I have setup an LLC as a C corporation. I have the option of turning it into an S corporation. Year 1, I intend to keep my W2 job while i work to get ...

We have all seen those temp magnetic or vinyl signs on cabs and such advertising for companies or business. If I were to put the same on my car could I deduct the equivalent amount of my car payment as advertising exp...

My income is mostly from rental property (single family) but I still do some residential construction (mostly remodeling).my pickup (07 Tundra has a transmission issue - for now just a check engine light) will need re...

Hey Folks,My husband and I are planning ahead in this crazy real estate market.  Do you guys have future strategies that you are looking into to get out of real estate?  I'm not talking 1031 into some other property, ...

Hello everyone, since joining BP I have been a busy bee and I am as green as the rest of the newbies here. I want to share some tips and also a quick update. First off, I have stopped seeking a mentor, I now realize t...

Hey landlords in Nashville or Tennessee (TN)! I've read many articles and poured over the landlord act and I cannot get a definite answer on this dilemma. Any help is much appreciated!Tenant was on a month to month le...

I am new to real estate investing.  My wife and I have overhauled our personal budget to reflect the 'pay yourself first' approach (allocate in order: income comes in -> invest -> donate -> fixed expenses -&g...

I am licensed, and have gotten advice that it could help to form an LLC to invest through. What are your opinions, or what are you yourself doing? (Texas) I'd appreciate any feedback, thanks!