I put $50,000 down on a property that I am buying through the owner.  The closing is in January.  How can I deduct this on my taxes?

Hey there BP Tax experts,I have a question regarding taxable income from property sales. I have a CPA that does my taxes but I’m not convinced he’s an expert on the real estate side of things. And furthermore, if I c...

Hello, we have had an investment property in an llc for many years.  We now want to take a loan against the llc property and use the loan money as a downpayment on a vacation home.  The vacation home will be in our na...

Listening to the latest podcast with Natali Morris got me confused about what is considered taxable income from real estate and how the legal entity influences this.She claimed that if I hold an investment property in...

I'm just getting into this. Have a good full time government job, decent savings in 401k, am also locked in for my National Guard pension in two years ( but cant collect until I'm 60) and have my home paid down to 80...

I'm trying to structure a California LLC as the non-cash partner. My partners are bringing the cash to the deal. We are building ground-up condos and planning to hold them for rent long term. I found the property and ...

I was considering becoming an expert in wrapping SFH's as my start in RE, but have a few questions? Typical rental income is usually not taxable when all deductions are accounted for.  Given that wraps dont have the ...

Hi everyone, I am running the numbers on a potential property and Im making sure I am doing this correctly.Here are the #s, if these look right I am paying $803 in taxes on a property that Cash flows $1,574??

Gross...

I am trying to understand taxable income on rental property.  As an example, if I have 7 rental properties with a gross income of $110,868.  My profit after operating expenses and depreciation is $41,262; is the $41,2...

Hi Everyone, Looking for some help on a tax issue.I have a borrower that wants to do a loan mod on a loan that matures September 1st, 2020. The borrower last made a payment in July 2018. This will actually be my first...