What do you do when you close a lease option deal in which you collect Lease Option consideration??? Legally do you have to hold it as if it was a deposit or can you use that to go find more investments and invest it?...

I have received a refund for a transaction that occurred in the previous tax year.
Specifically, this transaction occurred in May 2023, but I received the refund for that amount in January 2024. I’m struggling with h...

Hello, all!I’m a newbie to the investing world and am still in my research phase. I wanted to ask something I couldn’t find in the forums, or on the internet.
I currently live in Tallahassee, Fl but plan to move to P...

Hi BP community, I'm buying my first apartment and would like to get comfortable with the closing costs:what's the best way to calculate them (is there a rule of thumb? Certain percentage of the purchase price, say 5%...

I'm not sure if I've succeeded or failed.  This is my 8th year using TurboTax.  I put in the Schedule E's for my two completely-owned properties and for my mortgaged property.  I put in my W2 and my wife's W2.  The so...

My tenant has been in the house for about 5 months now.All seems to be going fine. I went to do a minor repair at the house and saw a cat which I never new about. She has two dogs which I knew about. She has a $800 pe...

Hi everyone,

Investor here from Canada, i just had a quick question regarding a situation i have; we purchased a house last June-July and moved in at that time. Everything went well, at that time the seller had paid...

Good morning BP! I went to the auction steps on Tuesday and started speaking with multiple investors about tax deeds. They have told me a little bit about the process. I am looking to purchase my first fix and flip ne...

I received my 1099 misc from my property management company and they did a few things that don't seem right. First under Other Income (box 3) they listed Security deposit (refundable), pet deposit (non-refundable) and...

With the tax deadline approaching tomorrow, we thought this article was a great fit for a discussion today. Please see below an article on 19 things you need to know about the tax deadline featuring @Anchin's Co-leade...