IRS released guidance yesterday saying that any PPP expenses that are forgiven are NOT deductible for Fed income tax purposes.  In essence, the forgiven funds are taxable, in direct conflict with the Cares Act.  Congr...

Gross revenue of ~$75k, NOI of ~$35k, valuation based off 4.3x gross-revenue, not 5-7% cap rate. Better Cash flow monthly?My realtor called me recently with an interesting investment opportunity - a local car wash. It...

Attention Colorado Springs VRBO and AIRBNB managers, owners and operators:On Tuesday, October 23, 2018 Colorado Springs City Council unanimously approved a new licensing requirement for the operation of short term ren...

Hi Everyone- relatively new Bigger Pockets member here. I am considering purchasing in Big Bear Lake to use as a vacation property 3-4x per year (I live in LA) and to Air BNB the rest of the time. I am currently looki...

Hi guys,those who live in Florida or have rentals in Florida.When you do you taxes, do you file with the Florida Revenue Department?For example, I lived in the past in Arizona, so when I do my taxes I print 2 copies, ...

At different times I have noted individuals looking for "that" template.  Take the following concepts and adapt to your needs.  Remember the next person, always makes it better.Please take the attached as a template a...

After purchasing and hold a tax lien certificate for 3 years and paying the following years taxes of the 3 years. Will it be like turning in a tax sale certificate to the revenue office after 3 years , paying I think...

When you are looking at a Mom & Pop deal like self-storage or self-service carwash -- and the seller absolutely refuses to provide financial statements or tax returns -- because they have been running this as a ca...

AB 2088 establishes a first-in-the-nation net worth tax, setting a 0.4% tax rate on all net worth above $30 million. If successful, Illinois, New York, New Jersey and Connecticut are likely to follow suit. How will th...

House Bill 1050 (S.L. 2014-3), signed into law May 29, 2014 by Governor McCrory, provides that the gross receipts derived from the rental of a private residence, cottage, or similar accommodation listed with a real es...