Hi all, my name is Brennan, out of NYC. We recently opened an str. Part of the draw of doing so was the tax benefits, but we've also found some passion in operating an STR that's making waves in our market. I've seen many online "tax hackers" online say that you are able to deduct quarterly/twice-yearly board meeting trips, so long as you keep meeting minutes - even when your LLC members are also family members. We regularly take trips to new STR markets of interest to us and I was wondering if this is legitimate way to deduct such trips or if it is a real quick way to get yourself audited and penalized :) Appreciate the response in advance!

Guys, I see people with the wrong LLCs all the time. This can cause two things: 1. Overpaying in taxes or filing fees 2. No protection of liability Different LLCs are needed for different businesses. Give me 8 minutes I'll show you what LLC you need for different businesses.

Hello! My name is Caitlin! I am a licensed manicurist of 6 years, in an effort to scale my buisness and make more money I expanded to a salon suite business, added in 2 more streams of income and in addition run the salon and continue to do nails. All while breaking even if that each month. My partner and I have invested in 2 rental properties in the past 2 years which I now manage and starting to realize I need a better system when it comes to tax strategies. (I can’t do it all lol). He has a high earning stable W-2 income and this is the way I have been able to stay afloat with all my crazy ideas. My question now is how can I help him save money with his taxes, legally and effectively write expenses off and offset some of the tax burden. Also since we have the 2 rentals now (they don’t generate income). I am curious about putting them into LLCs for asset protection and tax savings. Any and all advice is appreciated! We are early on in both of our businesses and want to start out correctly from the beginning! Thank you!!

Hello everyone! I am going down the path of doing a small business acquisition and I am looking for financing options that are not SBA loans in the $2M-10M range. If you know of any lenders who lend in this space, I would love a referral! Thank you in advance!

Hi everyone!! I'm new to the community. My name is Jose Cordova from Fruitland Park, FL. I'm a real estate investor. I've purchased properties at TAX DEED auctions in FL and OH. Join this community to learn more from other investors.