I bought a house in Austin, TX in July with full cash and spent about $60K renovating the property. I have a buyer for this property, and we are scheduled to close next month. My title company alerted me that the pape...

My name is Cloud Mason. I have lived in Texas my entire life. After a 10 year hiatus from real estate investing, I am interested in advice and assistance in rebuilding my wealth through investment opportunities requir...

IRS released guidance yesterday saying that any PPP expenses that are forgiven are NOT deductible for Fed income tax purposes.  In essence, the forgiven funds are taxable, in direct conflict with the Cares Act.  Congr...

Hi everyone;

I am purchasing a sfh for a rental with a partner. I am working on a LLC for us to hold it in and had some quick questions:

1. how do we set up insurance with 2 of us owning?
2. do I set up an LLC...

With the recent article claiming 62% of Americans have less than $1000 in savings, how viable is a business that relies on people to pay monthly rents. If for the sake of this question we divide prospective tenants...

I had COVID (totally no big deal), so I'm allowed to take money out of my retirement accounts.  Any thoughts on this?  Anyone doing this?  My vision is taking out the cash, BRRRR, repay within 3 years and viola I got ...

I just had to evict some tenants, and they told me that if I get a judgment against them, they'll "just file bankruptcy so [I] never see a dime."My first instinct was to laugh out loud, but then I thought, "Hold on--t...

Does anyone own a coffee shop or have invested in a coffee shop?I’ve been considering opening a coffee shop up and hiring people to run it. I’ve got family that work and manage a coffee shop and are moving to where I...

Curious if anyone has heard of, or has any reviews about the Chicago Musictown Opportunity Zone investment that I keep getting emails about? Is it legit or not? Hard to find much information on it other than maybe o...

Hi guys, newbie here.

I purchased a rental property in April; because it took a few months to complete all repairs it wasn't available for renting until September.

Here are my questions:

1. Can I deduct mortgage in...