![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/125709/small_1621418035-avatar-plaussie1.jpg?twic=v1/output=image&v=2)
I got these from our tax prep guy.....
Crazy Tax Deductions that the IRS Allowed:
1. Parents put their child in clarinet lessons and argued that it would correct the child’s overbite. The IRS agreed and allowed them...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1246839/small_1621510638-avatar-brandond157.jpg?twic=v1/output=image&v=2)
I'm looking for advice to acquire a 203k loan on my first investment property. I know I have to live in it and that is my plan, but how long do you have to live in it before you can sell? Any recommendations for 203k ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2240053/small_1694640150-avatar-cordellc5.jpg?twic=v1/output=image&v=2)
Hello everyone,
I am new to land development and looking to connect with other developers. Looking to learn more about other people's deal and maybe advice. This is raw land looking to make lots and sell as ready to...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/175542/small_1621421855-avatar-lomart.jpg?twic=v1/output=image&v=2)
I am sorry if this question have been asked but I haven't been able to find it.
I have friends and family who wants to invest in real estate. I buy distressed properties then rehab and resale for a profit. ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1984783/small_1738975138-avatar-willm188.jpg?twic=v1/output=image&v=2)
I own a 2 flat brick building in Chicago. Over the years some brick cracks and other outside work has accumulated. Some concrete areas around the building need to be fixed. I would guesstimate 20-40k in repairs. I h...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/21180/small_1621361186-avatar-olowshinenine.jpg?twic=v1/output=image&v=2)
HiI bought two properties this year and sold them for a profit. It is my understanding the profit from those flips will be treated as active income and subject to self employment tax. However I didn't even lift a fing...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1241358/small_1621510580-avatar-tcaridi.jpg?twic=v1/output=image&v=2)
Hi all,I've been listening to the Bigger Pockets podcast for a little while and this is my first post so I apologize if this is a repetitive topic. I'm a first time homebuyer looking into the West Kensington area of P...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/195004/small_1621432397-avatar-stevied2.jpg?twic=v1/output=image&v=2)
I've been calling around to some US banks this week to see what they offer to Canadian residents in terms of financing US property. Here's what I've learned so far:
BMO Harris - Will loan up to 70% LTV on sec...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/138084/small_1621418850-avatar-movinghome.jpg?twic=v1/output=image&v=2)
The tenants want to install security system with smart thermostat adapter and one main keypad? How should I handle this?
Should I say yes under the condition that the system needs to stay when the tenants move out?
...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2706546/small_1694559141-avatar-maryk183.jpg?twic=v1/output=image&v=2)
Hello investors, Should I create an LLC to start buying properties with? Specifically, the plan is to buy single family and small multifamily homes to rent out. What are the tax benefits of buying these properties und...