My "mentor" told me to stop chasing FI and to get a secure job. Should I fire him? What should I do?

Hello everyone, I am new to Bigger Pockets and the real estate investment world. I have been reading, studying, creeping on the forums, listening to podcasts, etc. for months am finally feeling prepared and ready to s...

I see most people have an llc - is there a significant reason why?

Written by IRA attorney John Hyre:The Mazzei Roth IRA Case – An End to Magical SchemesThe Tax Court took a major step in the direction of curtailing SDIRA abuse. The case will put the kibosh to a great many “IRA Stuff...

Hello all,I'm on the cusp of closing on my first property ^^ and I want to have as much in place as I can.I know I'm going to open up a second checking account for this first property, to keep it separate from my pers...

Hey guys, I have a question.

Hypothetical scenario:

SFR
$1000 NOI

$500 Service on a selling financing.

Cashflow = $500

Are you taxed on the $1000 NOI or on the $500 cashflow?

So I saw the data below and am wondering, are americans fighting inflation with debt? Have incomes kept up with inflation? What will happen when the credit card companies and banks tighten their lending standards?Do y...

I have recently purchased a few rental properties with a partner. One property is in his name and the other two in my name.  We just submitted the paperwork for our LLC. I've read on here and have been told the best t...

Hello!My name is Liam and I just graduated college. I have no debt and I have a job starting July 15th with a salary of $110,000 (end of year bonus expected to be 50-100% of salary). I would like to start investing in...

Sorry if this has been asked before...maybe I'm not using the correct keywords.I am confused about the mortgage interest tax deduction. I understand that it allows the interest on a mortgage loan to be deducted, but h...