I recently bought a property and hired an inspector that my realtor recommended and said he used for his own properties, so I thought that was a good enough reason to hire the inspector myself. After a few months, the...

I purchased land in Mountainburg, Arkansas at Crawford County. The land was owned by The State because tax delinquent. Cheap Lands firm came in possession of the land. I purchased the property from Cheap Lands and was...

Hello BP! I'm seeking input from a CPA or tax professional that might be able to help me regarding claiming expenses on an investment property. I'd like to know how much I can expect to receive back from taxes after c...

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...

Ok , check this out... 4 years ago i co-bought a house with a friend of mine (both of us are nurses). To cut out a lot of boring details, we are now trying to short sale the house.Because we were not in default and i ...

I was new to Real Investment, and wanted to learn it so I can generate decent retirement income out of my  lifelong savings. I attended REIA meetups(2015) run by Matterhorn Group in Chicago, run by Bob Brock, peter ki...

Good morning,as I am very small I am trying to fill my tax return for my duplex by myself.The IRS documentation seems clear but not on houses depreciation.My doubts are:1) Should I start using depreciation from the fi...

Hi All,

I just purchased a nonperforming note in 2nd position on a nice home in Los Angeles. The first is performing and listed with Chase. There is equity in the property even with both the first and my seco...

Our property manager refused to give us the lease agreement and lied about the tenants damaging our property and stealing our property from our home. Two different tenants lived in our home since 2019 and we had not b...

With all the uncertainty going on with the world, with the wars in the middle east, longshoremen strikes, election in November, and potential for stock market and housing market crashes, should I hold off on purchasin...