I have had what I thought was commercial insurance for my rentals under my LLC.after a number of years I called the insurance company to look up my policy and found it was under a personal policy, and even worse my LL...
Hello . I'm just getting started. Currently have one property. I'm wondering how to best maximize taxes while staying legal. --
I know that businesses don't get taxed on their expenses, only the profits. From that sta...
I am 30 years old and I have always put 5% towards my 401(k) (my employer matches 25 cents on the dollar) and both my wife and I max out our Roth IRAs each year ($5,500 each).One of my big goals is to retire early and...
I highly recommend that people track their personal finances, especially beginners that are just learning about real estate. I use (obsess?) mint.com, but there are lots of platforms and other's that have come up in f...
Hey everyone,I am graduating college in a week or so, and want to be prepared to budget effectively as I start getting real income for the first time. I'm curious as to how you manage your money, any apps you use for ...
Not looking for a dollar amount but generally speaking. Reinvest all or take a small percentage for self, savings, personal?
Hey BiggerPockets, I recently have done a lot of reading about tax saving strategies for our business (we own a successful farming operation), and discovered multiple ways that we could save a TON on taxes - which mea...
Need some advice when it comes to insuring a rental property... I have a rental that would probably sell for around 200,000 if I sold it right now but my plan is to keep it and rent it out. Would it be a bad idea to...
Hello, I’m wondering what bank you use for your business bank accounts? Because of a variety of circumstances, I cannot use a credit union, it must be a national bank. Please provide any feedback that you have, thank ...
So I started working for a contracting company on the road. The job is only temporary but with this job I will be able to save around 15k in like 6 to 8 months. The job could last longer but it’s not guaranteed. I was...