So I just bought my first property (4 plex) and had to use my parents to get the approval for the loan,my question is, my parents plan to retire in the next 5 years and don't want anything in their name as it may affe...

Hi Guys! I am new to the Bigger Pockets Family.  But I am in great distress seeing how much taxes are deducted from my W2 income.  I need help with understanding how to reduce my taxable income strategically through s...

Hoping for some of the more experienced REI's could provide some guidance.
My wife and got into investing almost by accident. Her parents needed housing and we wanted to control & subsidize their cost of living t...

Hello! Wanted to discuss the more complex tax deductions for short term rentals/Airbnbs. The two STRs I own are 100% exclusively used as STRs. I'm familiar with all the basic deductions i.e. cleaning fees, utilities, ...

I have an internet business, rental property business, and flipping business. I received my tax returns yesterday which were 96 pages long - they get longer every year. I should be more informed about how my taxes are...

Hi Everyone!

I am so glad to have found this website! Its great to see all the discussions and strategies used by successful investors :)

I am an software engineer by the day and dabble with real estate in the night...

Let's say I am the only member of an LLC and the business makes 20k through wholesaling in a given quarter. If my marketing expenses were 3k, I suppose I would be expected to pay personal taxes on the remaining 17k...

Hi BP Family just wanted to know if I haven’t done a deal yet, so I have no income but I have a LLC and I’ve spent money for my business on stuff like tools, material for my office, the BP books, my mileage Driving fo...

Hello All,I recently put new flooring in my townhouse before new tenants moved in. The cost of the new flooring was approximately $3,400. I'm also in need of a new roof. I have the cash to do it and would like to do i...

This is my first year filing taxes with rental income. I have receipts from all of my expenses through the year and documentation for all of my income. I’m wondering how to I organize/package everything together to tu...