Hey guys, thinking about purchasing a car this year and wondering if it is possible to write off a luxury car for their STR expenses.My tax advisor said that I will need to prove this car was used for the business.I k...

To the BP Planners, has there been a location picked for next years BPCon?? Selfishly I would love it to be here in Denver but I understand that you guys need to branch it out over the country for the farthest reach.I...

Hi everyone,I am wondering if there are guidelines for writing off Rental Property investment related expenses on taxes which were incurred before acquiring a rental property. I am looking to buy my first rental prope...

Situation: I am a new real estate investor and don't have an LLC or a formal business setup yet. I tried to purchase a multi unit home from auction.com but ended up losing my deposit ($60,000) since we found out that ...

Besides the obvious write offs: gas, home office, etc. What are some of the worthwhile things you have bought that have a huge write off? At over 200k/year, with the progressive system your top end income is nearing 5...

Hi Everyone,I am about to purchase a car and will be using it for both personal use (e.g., grocery shopping, gym, etc) and definitely for RE business (scouting neighborhoods, seeing listings, visiting properties for m...

Hey everyone, my business partner and I are trying to get our foot in the door with our first rental property.  The single-family home we are looking at purchasing is currently owned by my business partner's father.  ...

Hi Bigger pockets family,
So.... I am considering getting two $40k limit credit cards and using them for my rehabs going forward.
Question is, some of these will have a 0% APR for the first few months and this will ...

Hey guys! Im looking for advice here.I've been looking into trying to open up an unsecured line of credit, mostly through my business. The issue is i've been mostly getting denied simply because of the fact that my bu...

I'm 38 and own a small business and 18 units.  I am at a crossroads as to what to do.  When all 18 are paid off it will bring in 90-110k(after 20% off the top for main,vacancy,etc...)      I can live off of that.  My ...