Hello Bigger PocketsI contacted a specific county and they sent me a form to fill out of which Tax file I want. Bolded below is the form they sent along which type it's under. Crazy they are charging hundreds of dolla...

Hi BP Community,My tenant's security deposit earned about $9 in interest this year. He is moving out at the end of the month, and assuming he will be getting his full deposit back, what do I do with the interest? I pr...

Here are the income tax brackets for 2014 and 2015 (from Bankrate). The same six tax rates still apply, but the income that falls into each in 2015 is adjusted for inflation.http://www.biggerpockets.com/blogs/5881/blo...

I have a question to any that have been through the situation or that my have some expertise.My question is I know when you buy a home for investment the taxes and interest on the mortagage are tax deductible.  I have...

In reading my 1993 fixed/adjustable mortgage note (5/1) I have the standard paragraph 11 "Uniform Secured Note" statement that can trigger a "due on sale" clause. It reads "If all or any part of the property or any in...

As I understand it, if you have not reached full retirement age, 66, your social security benefit will be reduced if you exceed a certain earned income. Rental income is considered passive, so that does not redu...

Hi all, I have read several posts on first flips and taxes but have yet to find the answer.  So here goes!  My wife and are both employed and in a higher tax bracket.   So if I flip a house this year and profit $25k a...

I hear people often say that real estate is treated more advantageously from a tax perspective than other businesses.  I frequently hear people say something along the lines of "I get 15% rate of return, and that's no...

Can someone explain maintenance account and the tax implications.should i have different accounts for each house?if i sell a house with a large M.Account what happens?I'm not asking for specific legal advice just an o...

Hello BP!
Hello everyone, in the coming months I want to be prepared to bounce on apartment complex deals due to covid-19. I am looking for a lot of advice for after I purchase the asset and how to effectively run th...