I purchased a fourplex using a HELOC on my primary residence so technically we bought the fourplex "cash" with no mortgage.   I feel I need to protect myself and get the property to be owned by an LLC...But I need STE...

Introduction
This complex topic has been discussed on many BP threads, with persistent misunderstandings and misrepresentations. Many investors fail to grasp the fundamental principle of taxation: you cannot, based o...

Buying my first commercial property in South Dakota. I talked to my CPA and he stated that there isn’t any tax benefits to purchasing this property INITIALLY. Is this true or is anyone aware of tax savings or reduct...

Hey everyone,If you're able to purchase properties well below the appraised tax level, I highly recommend appealing to the county to have your property taxes lowered.  It doesn't require much effort although it's a sl...

I own a rental home that pulls in ~$400 / month or $4800 / year. I need a new car which is going to cost about $310 / month to lease (including insurance) or $3720 / year. I'm planning on putting this car under my bus...

Hi BP

I am running through some scenarios for a first rental property which will be out of state using a PM.

The scenarios range from a couple hundred cash flow positive per month to a break even per month. I have ...

Everyone must write a letter to their congress and senate representatives regarding keeping the 1031 exchange. This may cause some folks  go into debt with the IRS and may even cause bankruptcy for some.  Please don't...

I realize a real estate investor “makes money” in four basic ways. Cash Flow,Appreciation,Principal Reduction, and Tax Savings.In order to properly estimate my returns I need to assign a dollar value to each of these....

I'm just learning about hiring my children and the tax benefits. I think I understand how to do it, but am confused on one point. I'm reading online that we can hire a child up to the age of 22 but my CPA said 18. Can...

Today I discovered the Augusta Rule. This is how it works: If you're a business owner and you use your home to host business clients or business meetings, you can charge your business for the use of your personal home...