I had some friends help demo a property and I paid them cash (around $1,000 total). Is this something I am able to write off? Would I need to issue a 1099 for this? Not sure how this works and would appreciate the adv...

Here is my situation:I bought an investment property and improved it.  All-in for $200k cash.  I refinanced it and have a mortgage on the property for $450k.  I'm planning on selling it now and it should sell for abou...

So I am military, originally out of CA so it's my "home state"/residency but very easy for me to change as I am stationed out of CA and have been for a long time.I own several properties in CA and one in WA. I had a c...

Hello Bigger Pockets Family,   This is my first post on the BP forums and I'm currently reading the "The Book on Rental Property Investing" by BP. After watching Brandon Turner's video on "Analyzing a rental property ...

For those experienced in purchasing tax liens, I am interested in making a definitive thread that defines that steps to take to prepare for and purchase tax liens.

In my state the sales are in August, in June our sta...

Tax laws are constantly evolving, and staying up-to-date is crucial for businesses and individuals alike. Here's why understanding these changes is so important:

🔍 **Avoid Costly Mistakes** – Misinterpreting or mis...

Hello,I have some family members that are willing to lend me money for flipping and buy/hold deals. What is the best way to structure this? Just do a note/personal guarantee for each property seperately and pay them b...

I hear a TON about how 1031 exchanges are a great way to defer taxes + grow your portfolio faster. I've never done a 1031, but understand the logic and benefit behind them. I also understand some of the restrictions a...

Can I use a 1031 Exchange to buy another house, then "put it in service as a rental" for a short period of time of 6 to 12 months. After renting it for 6-12 months, then evict the tenants and move in as my new princip...

if I flip a house and make 50k.... then I reinvest that 50k in another flip... I understand I don't pay taxes on that 50k... but what if I reinvest to buy another property then mortgage the house right away and take o...