Hey BP Community!So I got hit with a triple whammy on taxes. I bought a house-hack last summer in which the sellers made significant improvement to the property. The tax assessment last year was based on the home's pr...
Just had my 2018 taxes done, it was my first year as real estate investor and for better part of the year, I was working to increase my real estate knowledge base by attending both paid and unpaid seminars, reading re...
Hi guys,About to close on my first rental property, out of-state (TN), cash purchase, through a turnkey companyI've had and will have a very low yearly income (less then $10K), and I've been filing my W2's via 1040EZ ...
Hello All,I'm just getting started with Real Estate and now that I'm analyzing properties I'm finding it very hard to find positive cash flowing properties where I live. Here is just one example of a property that I f...
Is is always a good idea to claim depreciation on your rental property for tax purposes? I recently learned that if you sell the property for more than its depreciated value, you'll owe tax on that gain through the de...
I've been hearing the phrase "property taxes" a lot ever since I started learning about real estate, and how it's important to account for property taxes when calculating monthly expenses for a property.But what are p...
Hi, I’m brand new to REI. I currently have a hard date to my first Fix and Flip in the Cincinnati,Northern Kentucky area. I have recently come across Anderson Business Advisors who offer a lot of services including LL...
has anybody benefited from U S tax lien association training or should i just keep reading and save my money
I recently purchased my first rental property in August of this year. I created a detailed spreadsheet to track all income & expenses. I'm curious if there are any resources I can be pointed toward to help in calc...
I am planning on going to a tax sale looking for any advice.