Hi all, been reading a ton about taxes related to STRs but still have some questions. I bought the property in 2022 with the intent of making it a STR that year. However, when starting construction, we found extensive...
Just had my 2018 taxes done, it was my first year as real estate investor and for better part of the year, I was working to increase my real estate knowledge base by attending both paid and unpaid seminars, reading re...
Hi BP,Quick tax question. I am setting up my LLC this year but I have some RE expenses from last year? With other businesses in the past I still wrote those off I thought without an official business set up but I may...
my partner and i have been talking to a cpa and he told us to start up an s-corp to avoid self employment tax which is at about 15% in minnesota. according to him we would 1) incorporate our business 2) file with secr...
I want to ask which website/groups I can join, read, interact with, join the conference, and ask about the property manager. I want to expand my knowledge about finding a tenant, the do's and don'ts of collecting the ...
So I currently have one property and pay for everything for that property on a specific debit card or checking account associated with all the repairs and maintenance ect.I was taking to my brother in law who's a fina...
Hello. I am brand new to real estate investing. I have funded a corporation from my 401k using the ROBS process (Rollover as Business Start-up). I am starting with $100,000 to invest in my first deal. Because my compa...
I am Suhaib ur Rehman from SF Bay Area, an engineer with a passion for real estate. I was a residential real estate agent for a few years. I started attending BP podcasts and topics on this website about commercial re...
Hello everyone:I am a recently new member to BP, and wanted to reach out to the Bigger Pockets community and seek advice regarding Franchises. I am looking at acquiring a commercial property on a heavily trafficked lo...
We recently put a property under contract that will be our first short term rental. We have owned long term rentals for a number of years, so we are very familiar with how to track and handle expenses on that type of ...