If a business llc BOUGHT land and BUILT a "non-business" vacation home, how do I categorize withdrawals made for that asset? For example, the business credit card is used to buy lumber at Home Depot for the vacation h...

Any success with Realtor leads, using car magnets?  If so, what size?  A picture is worth a 1000 words!...thx! 

I have a SFR with 2 units. There is only 1 meter for utilities at this property so utilities are included in the monthly rent. I have verbiage in the signed lease as follows:

Utilities – Reasonable utilities are in...

As the category suggests, I'm new to the bigger pockets platform. Hoping to gain insightful information as well as share some of my own! As you may have guessed I am a Realtor® in the greater Cleveland, Akron-Canton m...

Dear BP family, I am finally on my way to start my small business. I have setup an LLC as a C corporation. I have the option of turning it into an S corporation. Year 1, I intend to keep my W2 job while i work to get ...

I am 24 years old, just graduated, and I recently settled in personal injury lawsuit and will be walking away with around $20,000 in my pocket.  I currently have $10,000 on a lease on a car. The lease is still going f...

I have a few multis in Leominster, MA and as those of you in this area know, this past winter has been rough and like many, my parking areas have gotten a lot smaller and parking has been limited. I have had a couple ...

Hey guys, so we have a closing scheduled for this coming Monday, and I need to wire $24,000 to the closing company for this house today (Friday) to have the funds reach on time for the closing. This will be my first h...

Guys,

I am trying to figure out my post-tax cash flow from my pre-tax cash flow and other stats on buy and hold properties. How does it work again? Please correct me if this is wrong:

From the net operating income...

Hi BP Community,Does anyone know if you can get a tax deduction for the miles spent travelling to and from an owner ooccupied property?