I own a home and I have a few roommates. Do i report the roommate rent as income ?
If not then then follow up......My mortgage is paid off does this change things on reporting  income?

What is the best entity for property management?  This seems like a simple question, but behind it lies the structure for your entire business and strategy for investing.  I am a buy and hold investor who strives to b...

Hi all! I'm a RE investing newbie and hoping to get some advice from those more experienced. :) I am looking to buy my first investment property in the next few months... looking at 2-unit MultiFamily properties. I ...

Hello BP,I am currently submitting documentation for a cash-out refi on one of my properties per the "BRRRR" method and had a question:Should I put down a property I acquired subject-to as an asset?  The title is in m...

I am new to Livermore California and need to rent a house. I have found one that works and want to claim it. My question is how can I be sure this private landlord is the legitimate owner of the property before giving...

I haven’t formally started a LLC yet but I’m wanting to gather materials and scope properties. My question is my mileage, new laptop and a portion of my cell bill write offs without having formed my llc yet? My CPA se...

If you have high earned income and can funnel some of the extra money into your passive real estate business to make repairs etc that supplements the passive cash flow, can you still write these expense of as business...

I think I know the answer to this, but if I want to reduce my passive income, is paying down the mortgage via extra principal payments reduce my passive taxable income or is it viewed basically as profit?  (this is in...

For tax purposes, can I make purchases to be used in a rehab before the actual closing date. For example, you find a floor model stove that is exactly what you had planned on purchasing but this one is $300 less t...

I'd been working on this article for a couple of weeks, but given the economic announcement VP Harris made last Friday, the timing couldn't have been better. I wanted to know if the president has any legitimate levers...