I purchased a fixer apartment house, unoccupied, in 2020. It will be ready for occupancy in early 2024. My accountant said I didn’t need to issue any 1099s yet because the property is not in service as a rental. This ...

Hey, BP tribe,I stumbled upon a truly fascinating recent court case: https://www.leagle.com/decisio...The case itself was devoted to a rather technical issue known as innocent spouse relief. Basically, the IRS was try...

Has anyone had troubles in their early years of investing finding a responsive CPA? I am on my second CPA / Advisor and continually running into the same issues. I do a little bit of everything, flip homes, hold renta...

It is 4 am but I can't sleep. I've rented one of my properties to a section 8 tenant. It is a nice house in a nice neighborhood. I just spent about $6k to repair the house so I can say that this house is in very goo...

Under contract on the first multifamily property we've purchased for awhile and coming to find we may be behind the times a bit on how to best structure both the RE Holding Entity and the Property Management Entity. W...

Investment Info:

Single-family residence note investment investment in Cathedral City.

Cash invested: $28,000

note of 1st TD with hard to prove income, except bank statements.

What made you int...

Investment Info:

Mobile home buy & hold investment.

Purchase price: $300,000

Cash invested: $64,000

Single family home, good condition, unfinished basement

What made you interested in i...

I had a fire at one of my houses. Insurance paid me $30k and it will cost $30k in repairs. Do I need to claim $30k in income AND $30k expenses? Can I JUST claim the expenses? Can I just not claim either since it's a w...

Quick question: can anyone give me a recommendation for an 800 number provider?Thanks!

If a seller, who files taxes as "married filing jointly" and has owned their primary residence for over 2 years without any outstanding mortgage, wishes to sell their property for $750,000 and agrees to finance a seco...