Shane Moss
Meal Tax Deduction Clarification
I'm trying to make sense of what I'm reading about deducting meals. It looks like I have to be on a business trip in order to take the deduction. Is that right? Here's my scenario:
I'm getting ready to take posses...
Marc Maser
New Investor but Found a Great Deal
I've never bought an investment property (own a 2,000sf office building for my business) and have been absorbing as much wisdom as I can from BP. I found a single family house 3/1.5 1500sf in my old neighborhood my w...
Carol Lee
I am seeking to rent a commerical property
Hi all! I am now exploring the idea of opening a bakery snack retail store. Currently in the process of looking for the perfect location. I have no experience in commercial terminology and seeking help from ...
Craig Kleffman
Business Organization - Firm Organization: LLC, LLP, S Corp. etc
Hi, What business organizations do those of you in California use to organize your business/es? I'm in California. Here are (more or less) my notes on how I expect to organize my enterprise. INTRODUCTIONAccording t...
Account Closed
As investors, at what point can we deduct "Business" expenses?
Good Morning All!I now have 3 properties under my belt - all from 2018. I am testin for my Sales Agent License tomorrow and am constantly looking for ways to invest my growing my business. I'd like some simple guidanc...
Jake Kinoshita
Can you manage bookkeeping for flipping by yourself?
I am doing bookkeeping for my rental business and am interested in flipping business but can you bookkeep flipping business by yourself?Of course you can always ask CPA to do everything but it is not cheap to hire the...
Codi Clausen
Starting an LLC While Keeping Costs Low
In starting out I am looking to buy my first of many rental properties and am looking to set up a couple business entities to keep myself safe. There seems to be a lot of costs involved with setting up multiple entiti...
Michael Plaks
The so-called "STR loophole" - hype or real?
Buckle up. This is a long post addressing many myths around the current obsession with the "STR loophole." And the first of such myths is that it is a loophole. No, it is not. Loopholes are something UNintended. In co...
Kevin Gerace
can I write off flip expenses for a house selling in 2016?
so I asked a question yesterday, but after sleeping on it I think this is the heart of my original question.I flipped a house this year, but it won't sell til next year. Some of the money I used for renovations was al...
Chris Rogers
I am a new member here...
I am part time real estate investor and full time marketing consultant. Interested in doing real estate flips and passive income strategy. I have attended couple of professional real estate programs and have gained lo...