Hypothetically, If I owned two homes with a mortgage on both - could I sell one home and roll the proceeds TAX FREE to paying off the debt of the other property?  Or would I have to clear the proceeds and then apply?T...

Thanks to everyone who helped men and spent a good deal of time replying to my recent thread. I do not know if this will help, but if you want to know more about Texas REI and Liens then this is for you.

I was doin...

Newbie question here- do I pay income tax on investment income? I haven’t heard it addressed at all yet in the podcasts and other materials I have come across.Thank you!

So I have seen a few posts recently with people saying it is not a good idea to work to pay off your loans quicker. The argument is that you will lose the interest deduction therefor will need to pay additional ta...

Is it legal for instead of my company paying me a bonus to instead take what they would have paid me and pay off my mortgage debt? Is this technically taxable or does this avoid the income tax?

Hey BP’ers!
Has any here ever dealt with this situation before? 
I recently purchased two multi-family properties from the same seller in Monroe County, New York closing at different times and funded differently. On...

Hi everyone, I have a LLC in Columbus OH which I use to buy rental property. I am out-of-country so I'm not super familiar with the taxes, and just wanted to be clear before the filing deadline in May haha... What are...

So here is what happened.  June 2014 I purchased a three unit bank foreclosure. September my school taxes were due and I paid in full. Last week I got a letter from the city treasurer that there was a unpaid late fee ...

I recently bought a REO property about 2 months ago and yesterday I received a tax bill from the tax collector regarding the annual property taxes. On the bill it says , the former mortgage company has requested a cop...

Very new to this. How do I put the monthly rent I receive from tenants on my taxes? I have no problem paying the taxes however I don't know how to. Should I keep up with copies of payments? What do I do? BTW I only ha...