I recently quit my W-2 Job an am now having difficulty being approved for even a small conventional loan and looking for advice or tips. The details: I own 4 rental homes that are fully rented and together they cash f...

If my deductions are greater than the income generated from my property, how does that effect my tax liability?

Does it decrease the total amount of taxes owed? Or does my tax liability stay the same?

With both of my parents being entrepreneurs, I realized early on that working for others wouldn't give me the freedom I wanted in life. I went from selling snacks & sodas in vending machines at my dad's barbershop...

Hello Everyone,
My name is Michael Brooks, and I'm thrilled to be a part of this community! I'm just beginning my journey in real estate with a goal to flip properties and build a portfolio of rental properties. Ulti...

Are you a new homeowner or investor navigating the maze of real estate taxes? Let's break it down together! Real estate taxes vary depending on location and property type, but they typically fund local services like s...

How to figure out what tax bracket you’ll be in during retirement? For example, let’s say a single person makes a 100K per year on W-2 right now working for a corporate world.  It’s taxed at about 25-30 percent, right...

Have any real estate investors used their passive income to purchase a 6,000lb+ vehicle? I'm trying to understand the full benefit of the Section 179 tax code. Using simple numbers, if I purchase a used SUV for $25,00...

Hi All,I have a very lucrative IT services sales job right now (6-figure+) but I'm very frustrated with the corporate politics that I've found at multiple companies. I have freedom and flexibility but I'm not entirely...

Hi everyone, just joined this group. Hope everyone is doing good. I’m 22 years old, did my associate degree in automotive technology. Now I’m trying to get my real estate agent license and will get it within 2 months ...

Hi I have rental, operated under LLC. I also do wholesale and the wholesale business is operated under the same LLC.

Do I report both on Schedule C as business or do I separate them, rental in Schedule E, who...