Hello,I don't need a cargo van for my business at this point in time but after having reviewed the section 179 guidelines, it seems like it might be beneficial considering the tax bracket and financial position my bus...

I'm back again with another tax question for the CPAs here. I'm under contract for a 4 plex for $320K. I don't have the 20% downpayment, so the bank is financing me a $100K commercial line of credit against a rental t...

I'm in a bit of a bind right now as I need to order a new truck for my business (renovating and rehabbing houses). My choices are a ford f150 super cab with 6.5' bed or ford f150 super crew and 5.5' bed. Both vehicles...

Property insurance roes have got a lot of press as providers pull out of various markets and prices increase.  Florida is likely the most impacted, but California has also been heavily impacted.I have not seen anythin...

Can you take a section 179 deduction for a vehicle purchase and offset taxes as a sole proprietorship?  Have not been operating under a business/llc, just under my own name.  Have some capital gains on short term flip...

I’ve been thinking of ways for my wife and I to quickly get out of the debt we’re in. Right now there are multiple things we owe on. We own our family vehicle out right so my thought was to take a loan out on our vehi...

Did you ever wonder why so many Big Companies spend millions on advertising? Think about the cost of a 30 second Super Bowl Commercial? If these large companies do it they must expect a great return on their inves...

I have a house under contract. The daughter of the owner lived in the home for some time, but abandoned the home. Her boyfriend abandoned his car on the property. The realtor is telling me that it may be possible to p...

I have three rentals which I've owned for the last 12 years.  I was able to buy them cheap and build a lot of equity which I currently gross $4,600/month and my current net is $2,800 after insurance/tax/mortgage/utili...

Hello BP forum and thanks in advance for your expertise and insight into our question.We have 2 rental properties, one of which is undergoing renovations with my wife as the project manager. We spend about 20 hrs/week...