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...
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?...
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%...
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...
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...
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...
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...