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...

As a rule, when you buy an REO, has the bank paid the property taxes, bringing them current?  Or do you have to pay back taxes for the period when the bank held the property?

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...

I think it was Robert Kiyosaki who stated if you own rental properties and your paying taxes you are not doing it right.  Please Help me understand this better.  I basically use the brrrr strategy and use my local len...

Hello, hope you are healthy and safe.
I'm very aware of section (s.) 212.02(12), Florida Statutes (F.S.) which states ALL money collected from a tenant in a Commercial Property is considered rent and as such it's sub...