I've recently had my accountant do my 2008 income taxes and I was surprised that he informed me that I could not take deductions for my real estate investment training that I purchased in 2008. A big one was the Rich...

Hello BP. I have a conversation going with a seller who has multiple rentals. I made him an offer on one that would work for both of us.  He didn't balk at the price but told me tonight after a conversation with his a...

I have a self-directed IRA. I collect interest on loans made out of that account. Does the custodian or I have the requirement to send a 1098 to the borrower? I should at least keep track of that and let the borrower ...

We are closing on a 7 unit office building next week. The building is completely vacant so I am purchasing it with private investors funds. I'm going to do about a $20,000 rehab then get at least up and try to refinan...

Looking for anyone who has a duplex that is mix of STR & LTR and claim material participation for the STR side for the "STR loophole" to offset active W2 income? I recently had an email exchange with my CPA regard...

I am looking for some help to clarify the way that income reported on my taxes will affect my debt to income ratio? It is my goal to minimize my income as much as possible using legitimate  expenses and depreciation e...

This is a question of writing off everything on your taxes for that big tax break vs the ability to get approved for a high loan amount.

I have a really good W-2 job in addition to my rental properties. Last tax se...

Howdy Bigger Pockets Community!I am a real estate broker in Colorado and have had a few marijuana shop owners chat with me about financing a home purchase. Obviously conventional financing will not fly do to the feder...

I hope I am misunderstanding this regarding new tax law in Calirado... sorry I meant Colorado...."Effective January 1, 2023, single filers are limited to $12,000 and joint filers are limited to $16,000 of deductions. ...