I am having a hard time finding a good CPA that knows how to maximize the tax advantages of a short term rental business. I am located in the northern Virginia/DC area. Are there any recommendations out there? If not,...
I am an EXTREME newbie. I accidentally stumbled into real estate and have a rental. I am doing my taxes (just using turbo tax) and have run into the section about QBI. I qualify but "the business income of -$584 nee...
I'm a new member but I have a CPA and Masters in Accountancy and Master in Taxation.I saw people posting about cost seg decisions and thought I would share some thing I had learned from others1) The cost seg savings m...
Hello bigger pockets community,I been a commercial roofing contractor for over 7 years and I have good construction skills. I've saved up enough money to start my building business. I've read a couple of books on buil...
We currently have one rental property and looking at building a primary home. One option that a local landowner has shared was seller financing the land. We would then take out a for the remainder. I am not a W2 empl...
Unveiling the 2024 Retirement Contribution Limits: What Investors Need to Know
Introduction
As we stride into the year 2024, it's vital for investors and retirement enthusiasts to keep a close eye on the latest chan...
Hello everyone, I thought I'd make a quick post for some of the newer investors here in the Greater Seattle and Tacoma areas who need to find affordable solutions to sourcing materials and finishes. Since rates are cr...
I have an off-market deal I am working. Normally I figure my cash number and offer it to the owner and we work from there. This owner actually mentioned that he would be willing to carry it longer for a higher price...
Don’t you hate being lied to? I hate it when some “guru” claims
“No Cost, Zero Down, No Risk, But wait there’s more, we’ll tell you (on video or zoom) how to do this for only $xx,xxx. “ and the “community” will save...
Hello BP,I have finally started taking big action and not trying to have the whole process figured out before moving. I have just gone under contract on my first investment property, and will be flipping it. I have ...