Does anyone know a way that it is possible to use a self directed IRA to invest in an LLC that I own as well?  According to the IRS rules, i would be considered an unqualified person since I own both.

I have done some searching on solo 401k eligibility, I have a couple main questions. For context, i own several small multifamily units that i self manage without employees and am interested in tapping into the tax in...

Hi Rehabbers,  I've rehabbed over 40 rentals in Atlanta to smaller towns around the state.  Few contractors had their own insurance, with the exception of the roofers I hired.  In small towns when you put up a craigsl...

I'm a full time W2 worker opening an REI LLC and want to ensure maximizing tax benefits for investment expenses under the LLC.  I have my wife listed as 50% owner of the LLC as she is not employed.  Does she need to b...

Greetings Countrymen(& women),  There might be lot of other posts pertaining to this subject I did read most of them but things have changed due to COVID 19 ( I believe). Pardon me for asking typical newbie questi...

So it has taken me a few years but I now have 55 annual rentals and a few seasonal rentals that I manage, here and there I will also rent a unit for someone and let them manager it thereafter. I truly like managing re...

As part of a study a colleague from this site and I are doing on LLC’s vs. Sole Propriety legalities here: http://www.biggerpockets.com/forums/52/topics/75182

I am wondering if anyone can recommend liability insuranc...

Which deduction do most rehabbers use when providing water, snacks, pizza, beer, etc for their work crews (family, friends, etc) on the jobsite?

I had always used the 50% deduction in other businesses, but ac...

Hello BP,
I got message from EIDL today stating: "Your SBA Application No. *** is ready for the next step. Create your SBA Economic Injury Disaster Loan Portal account to provide additional details or requested docum...

What's up BP! I have 2 quick questions regarding taxes and accounting. I know some of you may or may not be CPAs and I should speak to mine, but I wanted to see if anyone has an answer. I have tried getting in touch w...