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The IRS is catching up. Quote from the official announcement below: "Virtual currency is an ongoing focus area for IRS Criminal Investigation."https://www.irs.gov/newsroom/irs-has-begun-sending-letters-to-virtual-curr...
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I have been reading some of the forums on BP and have listened to the Podcast, and when it comes to marketing I see the same things of direct mail, bandit signs and networking. My question is what do we say to people...
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After paid consultations with high profile CPA's who specializes in real estate I have contradicting answers to my question, I wonder what bigger pockets folks think about it.Question is will irs assign dealer status ...
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My questions here are general in nature as this potential deal hasn't progressed far enough for me to pull additional information. Part of my asking is to gather some help in determining if I should take that next...
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Happy Monday everyone,I was listening to the BP money podcast and learned about the individual or solo 401k option. I have a W2 job with a 401k plan and rentals as my side business. I contribute ~$15k and my company...
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On every other podcast Josh and Brandon state that they know a lot of people that do not invest real estate. They have friends, real estate agents and family members know about real estate investing, but they don't do...
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My great uncle was a multi-millionaire who took his own life roughly 20 years ago. He left all living family members individual trust funds/retirement accounts conservatively invested in some sort of mutual fund. For ...
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I own a rental property amongst a group of townhomes governed by an HOA. I'm considering soliciting the members of the HOA to put together a collective "worksheet" where the current landlords can see what the other p...
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I understand that there are tax benefits to owning real estate, however what are some items I can give to my CPA so we can lower our taxable income? We made about 350k as a household in 2020 and I do not want to be st...
Hey everyone, I'm interested in getting started in Real Estate, and was just curious which area people suggest to start in? (Flipping, Rentals, etc.) Thanks in advance.