Here in Oklahoma City there's been a group or person paying off property tax liens and then making fake eviction and foreclosure notices trying to get the owners to legally sign property over. Here in Oklahoma I'm gat...

Question for the RE CPA's: If I have a deal where I am the sponsor and invest no equity, while my investors invest 100% of the equity, and we agree to split cash flows (let's say 50/50). Our first cash distribution co...

Hi everyone, I just wanted to know the tax deductions that are involved in wholesale realestste, like I would like to have proof of profit once I get my first deal done just incase the IRS grows suspicious

I'm starting to track my mileage via the Mileage IQ app and wondering whether driving for dollars mileage is deductible.  If so, does that make virtually all my mileage deductible?  I can't remember the last time I dr...

I was asked the question recently by a homeowner  - If she agrees to a Subject To transaction and I wrap/rent home, are there any tax benefits for her knowing her name will still be on underlying mortgage?

If my primary home is free and clear, are the home insurance and property tax considered debt? There is no escrow account and it does not show up on my credit. 

Hey BP-ers,I tend to have tenants express concerns over the property Tax portion of my lease. Does anyone in Illinois want to take a stab at explaining this section in clear language? Is there a better way to word thi...

Hi Bigger Pockets! I am an agent, and working with buyers seeking rental investment properties to buy and hold. So much of my market, Vero Beach Florida is starter homes to buy around $250k to rent around $1700/month ...

Hello BP,

My business partner and I are funding a short-term private lending deal.

I’m using a personal line of credit to fund the transaction. I transferred from this line of credit account to our business account...

I read that I can hire my children to work at my home base business, which is an LLC. We live in NYC, but our LLC is filed in NC.

Question: If I hire my 11 year old as an employee to do of course reasonable work for...