Hello Everyone!I have a few questions in regards to LLC's.  Here's a quick backgroundI have one property right now (the one i live in) but will soon be moving out of state and renting it out.  I'm looking at going int...

Hi - I have a home that was purchased back in 2017 ($329K) under my name since my mother didn't want to put the house under her. She has been living there and she pays the mortgage and now only have about $70K left to...

Hi BiggerPockets Family,I am new to real estate and I would be starting out as a wholesaler. Does anyone know a good CPA who also invest in real estate to explain about paying taxes for wholesalers and LLC’s?

Hi! I am a wholesaler who is trying to get his first deal closed. I have a property under contract and I have interested buyers. My question is how much I will have to pay in taxes from my assignment fee? An additiona...

As a wholesale real estate investor, do i report or pay taxes on the assignment fees? I've watched alot of videos on youtube from investors and they never discuss that part. I am new to this business and i want to be ...

I recently read somewhere, I think in Edelman's book, that if I bought a property for cash and then took out a home equity or some kind of note that the interest is not deductable versus if I purchased the property st...

Am looking at the abandon homes in my area that I have been watching.
These homes have been vacant for almost 12-18 months .
If you look at the homes on the county website the taxes are current .

Why pay taxes on a...

Hi BP Team,

If I buy a 4plex and am using the rental income to pay down the mortgage. Do you pay tax on that income before you can use it?

Or can you put the full rent amounts you collect straight onto the mortgage...

Ok I sold a house I have been living in for 4 years in PA. Do i have to pay any taxes on the profit from the sale? I have read that after 2 years you do not. I am going to be entering into a land contract for a rent t...

Hello All,We recently bought a new primary residence using a HELOC and we now plan on selling our former one. We’ve never rented it so it cannot be claimed as a rental in the sale. The house is worth $850K with a mort...