Alex Morstadt
Mortgage Note Accounting
Hello CPAs! I am struggling to get a definitive answer to the question - are payments from a Performing Note passive investment income or are they ordinary income? I have seen it described as both - and lets face it, ...
Michael Plaks
Reducing or eliminating capital gains: NO, it's not simple!
How do I deal with capital gains? - this is one of the most frequently asked questions on this BiggerPockets forum. The minute it is asked, investors jump in suggesting their pet strategy such as a 1031 exchange or a ...
Brandon Hicks
Can you invest in real estate while on disability legally???
Here’s the situation...I have a friend who was a very hard worker all of his life and has been battling a fairly severe health issue for many years while still working. It finally got to the point to where he had no c...
David Hackney
Limited Liability Corporation or S CORP
Need advice on Business entity. Me and my wife are both W2 employees but we have an option to have my wife be a 1099 Contractor for the school she works for. I am reading and trying to determine some benefits of the S...
Randy Walters
Parents looking to downsize? Buy their house with owner financing
Hello BP, I'm fairly new to the community. I had some questions pertaining to owner/seller financing on your parents home. All the other forums I found simply spoke to "why you shouldn't rent to your friends/family"...
Jesse Hebert
Need some advice on purchasing with owner receiving Medicare and Medicaid benefits
Hello all, I figured I would give this forum a shot to see if there were any real estate attorneys out there or an investor who has come across a similar scenario. This particular property has been vacant for 10 years...
Matt Ferch
Calculating rental income needed to replace W2 income?
Hello, I’ve heard that due to tax differences that the amount of rental income needed to replace W2 income is not dollar for dollar, but something less than 1-to-1. Can someone explain this? Is there a rule of thumb ...
Cristina Mendoza-Cantu
Medicaid takes money
Hello, does anyone know if Medicaid can take the money of a sell if the individual who owes the house receives Medicaid??
Shaun Hunt
Grandma's House
Grandma just fell, again. She is as tough as wood pecker lips, but I think after 88 years, it is time she had some help looking after her. She is living with my mom as of right now. Obviously, we want to keep the hous...
Paul L.
Another Successful House Flip
Investment Info:
Single-family residence fix & flip investment in Phillipsburg.
Purchase price: $50,000
Cash invested: $5,000
Sale price: $207,000
Fix & Flip
What made you intere...