Hello everyone!
New here to Bigger Pockets so let me first start off by saying this community is great. I've been aware of Bigger Pockets for the past few months of have recently started doing some serious sn...
I am doing my taxes and had a few questions about QBI. I own 16 units (4 Buildings) and manage them myself. I have maintenance done monthly and repairs come up all the time. I am coordinating the repairs, sometimes do...
Wondering how many will be taking advantage of the new safe harbor rule? Accountant says need to be in a trade or business and pay SE tax. What is your take?
Somewhat similar to this older topic (https://www.biggerpockets.com/forums/51/topics/144...), but differing: have a multi-member LLC through which most active business (investing, holding) occurs. Managing Members hav...
Post Deleted- Need to amend, please accept my apologies
Hello BPers, wondering what the consensus is out there for categorizing capital vs operating for appliances? Window A/C units? Painting? Refinishing floors? Carpet? I'm leaning to treating it all as expenses.
Those of you that are self-employed and therefore responsible for withholding your own taxes, how much of your earnings do you stash? Are there any strategies you use to earn a decent (but safe) return on the money yo...
We are in a contract on a 4plex home which we are buying for cash we obtained from a legacy gift. I've owned property since I was 19 years old, and over the last 8 years I have owned rental homes- being the accidental...
Did anyone go directly to a lawyer to get their wholesale contracts? What is the ball park figure to get your contracts drawn up?
Not looking to get political but I’m curious how others think, from a real estate perspective, how the new SAFE-T Act that goes into effect on January 1st in Illinois will effect real estate across the state especiall...