I just finished two tax books, “Tax Free Wealth” and “Tax Strategies for the Savvy Real Estate Investor”, and both books talk about how to deduct vacation expenses with some planning. However, my tax advisor told me ...

Hello BP,

Was hoping to get some insight on running a business and some of the tax benefits involved. I am mostly interested in the possible tax deductions that I can get from spending money on my real estate...

Hi all,
As titled.. I did a IRA withdrawal of 300k to buy 2 condos in May/June 2024. 
I didn’t paid the 10% penalty fee. 
I’m not currently working so my income is basically the 300k + (28k gross or 15k net) from a...

Hello Bigger Pockets Real Estate Aficionados... Got a nice juicy one for you here... Hoping someone with better knowledge/experience than me will be able to help out and advise...

SCENARIO

We just rece...

Hi - what are everyone's thoughts on getting an llc on rental properties? I have heard a lot of conflicting advice on getting one. I have heard some recommend it, other's say the liability insurance should cover it, a...

Hey all, wanted to share with you my house flipping strategy. I'm confident that this strategy is the future of flipping real estate. Buying houses to flip is costly and time consuming. Why buy when you can flip witho...

Is it worth doing a cost segregation study on a Mobile Home Park held in your Self Directed Solo 401(k)?@Linda Weygant @Yonah Weiss @Dmitriy Fomichenko

Hello BP Community,I think I know the answers to the following questions, but I wanted to verify with the BP community:Background: I have spent the last few months researching, visiting, and placing offers on properti...

Can I pad background and credit check costs thus compensating me for my time and effort?

Out net worth is $750,000 with all of it in securities. My wife wants to open a franchise with Platos closet and Once upon a child, both are owned by the same corp.The location is near a mall and all of the current st...