I bought a house last summer that I'm living in while fixing up.  I plan on taking advantage of the 250k tax exclusion of living in a personal property once it sells.  I would love to rent out a spare bedroom but as I...

Hello! Hopefully this post falls within the guidelines of the forums.. I am just trying to get a feel for an average price to be expected for:1) Initial tax evaluation, plan creation etc  (flat rate per year)2) Tax ad...

Hello! I know there are a lot of topics on whether to report Airbnb income on schedule e or c but it still seems like a grey area still. Most resources say Schedule E however other resources say that if the average re...

I could use some advice. I turned 18 in April and shortly after become enthralled with real estate investing. I currently work part time, 15 hours a week at 9 dollars per hour. Since I've turned 18 I've been working o...

Hello Biggerpockets community!  I am about to go to contract on a townhouse that is located directly across the street from my son's college.  I am doing this because I am currently paying $10,000 for his dorm (not in...

My business partners and I typically meet out somewhere when discussing shop to take advantage of our business expenses. However, I was curious with Memorial Day weekend approaching am I able to hold our meeting at...

I am converting a personal residence into a rental and am wondering what would be the benefit of starting an LLC compared to an LLP?  The partner would be my wife.  I am thinking of possibly the benefits of an LLP bei...

We just recently purchased a rental property in Utah from out of state.  Prior to renting out the home we will have to fly out there to prep the home for rent.  Just wondering if we can count expenses incurred for fly...

Has anyone had problems with deducting travel expenses associated with looking at real estate properties in distant areas?  I'm reading "Tax Free Wealth" right now and am curious if anyone has implemented the strategy...

With tax season around, I'm sure there are others scrambling for answers to their tax benefits. I have interviewed a few tax accountants and have one in mind. But, I'm trying to arm myself with some tax knowledge so I...