Economic Update
(Yom Kippur Edition)
The second quarter of 2020 (April, May & June) was the mother of all economic contractions. Real GDP shrank at a 31.7% annual rate, the largest drop for any quarter since ...

Hello, I am saving my money and reducing my spending while brainstorming  ways to make money on the side so that I can begin to invest in real estate.  I am interested in starting out with just 1 single family rental ...

Besides the obvious write offs: gas, home office, etc. What are some of the worthwhile things you have bought that have a huge write off? At over 200k/year, with the progressive system your top end income is nearing 5...

How do you connect with local contractors and what is on your must have/do “check-list” when you are meeting them.

Hi BP!I am a new REI and am in the process of scheduling an initial CPA consultation. I have an LLC, silent partner, one home and am ready to get rolling on more purchases but want to take as many preparation steps as...

I can't explain why, but I'm attached to this old farm house. It's abandoned (although the owners park a truck their to keep people away and actually semi-maintain the property).

The rumor is there is a foot of bat g...

I started a second business this year with my mom as a mainly silent partner.  We have tools, truck, trailer, insurance etc for the equipment for the business and are currently finishing up a house flip that we purcha...

Just bought my first rental property, but I have one problem. There is a lot of old junk left in the basement. Old mattress, bed frames, doors, furniture, garbage, etc. What is the best / cheapest way to remove all of...

I drive truck for a living and only get home for 3 days at a time every 11 days. I'm concidering getting a team together (real estate agent, contracter, peoperty manager, etc.) and working deals in my area ( St Charle...

Have an older car I have driven forever as a work horse.Looking at trading it in for a brand new car on a lease.

Normally I wouldn't look at a lease but I am thinking I can write it off in my corporation.

I am not a...