I received a CP2000 notice from IRS and send to my accountant who prepared taxes. The inquiry was resolved with a simple letter to IRS explaining where income (rents) were accountant for in LLC return. The issue was...
I see how this rule can be useful, but I think it can't be a deal breaker. One can make the argument that It is too conservative. It may only apply to home run investments. However, it may turn people off to nice i...
Hi everyone, just joined BiggerPockets and I am very excited to start my journey as an investor to build wealth! I just signed up for the Real Estate Bootcamp. I am also a real estate agent from NY primarily serving Q...
My wife and I own 25 Ag exempt, debt free acres on a hard corner of SH130 a few miles up the road from where Tesla bought a new manufacturing site. The site is in the City of Austin ETJ with utilities not adjacent, bu...
Hello all, I am interested in buying raw land at auction at far below fair market value with intent to "flip" the land at just below fair market value. How long would I want to hold the property before selling it in ...
Hey all, glad to be a part of this board. I am fresh out of college, and early in my career.
I have always wanted to invest in real estate, since I was about 12. I am learning more and more each day. I am reading "I...
Hi there, Myself and a few partners are considering an investment with Homeroom (livehomeroom.com). For those of you that don't know, they specialize in renting out rooms in a large house individually. This (hopefully...