If a person does a short sale and receives a 1099 as if they collected money.. the difference between whats owed and the short sale price... Is there not tax implications?

When collecting cashflow and/or proceeds of a sale from an investment property (investment strategy probably doesn't matter) is there a significant difference in dispersing/collecting/receiving/using those funds, depe...

Hey guys. I recently finished "Set for Life" and in it the author suggests keeping your investment savings (not your emergency savings) in the stock market so you can ride the general upward slope of the economy befor...

Hello Everyone,Some of you may know me from my world famous thread i started a while back giving away free lists to telemarket & mail on. I got mixed reviews and like anything else, there are lovers & haters. ...

I been involved with real estate for the a number of years... I initially started in 2003, I just hit the ground running... didn't know to much about the business other then the few books I read and went to work... ho...

Quick question:

If I wanted to drive say a 70k muscle car as my company car, is that deductible if in the company name?

How do you guys hold your toys with wheels?

Thanks!
Mark

Hello,I am currently looking for ways to enter the real estate market. I currently live in the southern metro, 20 minutes from Minneapolis. One topic that I keep seeing is wholesaling. I have done a lot of my own rese...

Hello All,All of the properties that I currently own are inside of LLCs with 2 other partners. Some singles, some duplexs and a 4 plex. I would like to buy something on my own also for various reasons. Right now, we f...

I am a new investor. I've been speaking and working with some BP members. In about a week I will be selling my home and walking away with a nice amount of equity. I was thinking about doing a few smaller deals to get ...

Tell us about your vacation rental properties! 1. Where is it located?2. How much did you pay for it? 3. How much do you rent it for during season?4. What is your season? 5. Would you consider your rental average, or ...