A real estate attorney @ one my REI groups talked about the legalities of wholesaling in Pa and he said that negotiating the sale and simply assigning the contract via back to back closing for a fee is acting as a R.E...
ive been going back and forth with a wholesaler based in philadelphia. he is pushing for me to purchase a property that he aquired via sheriff sale in philadelphia. he is pushing not in a shady sleezy sense but i...
If I purchased and placed a property in service in 2023 and I have no need for the bonus depreciation on my 2023 taxes, can I claim bonus depreciation on the property for 2024 taxes? If yes, what would I need to do?
Hello. I just bought a unit that is inside a building designated as "A HOTEL CONDOMINIUM".I was told that I need to get all of the following in order to use it as a STR:- Florida department of revenue - sales and use ...
Hi,I'm in the closing process of a unit I purchased in Miami, I believe Airbnb/VRBO/etc. collect taxes on each booking but I'm kind of lost on what type of taxes I have to pay to Miami. I came across the Avalara (MyL...
New as of 2020 in Oregon CAT (Corporate Activities Tax)Seems like it’s going to charge .57% of revenue over 1million. Just curious if there are other states out there that have dealt with this before and if there are...
Hello, I am currently new to BP, but have been listening to the podcast for several weeks. My wife and I currently live in a nice neighborhood in a 1200 ft 2 bedroom 1 bath, on about a third of an acre. We have about ...
Hello everyone,Outside of my current investment-team in PHX & DAL, I have suddenly come-across an opportunity to find & oversee flip/hold deals in a separate city that I reside in for part of the year. Becaus...
Real estate investing can be very complex and while there are many things for investors to keep track of and pay attention to, make sure you aren’t overlooking these 5 tax incentives! You could be missing out on tax c...
I'm starting my 1st STR soon. What is your preference in frequency to pay for your tourist tax? Monthly, quarterly or seasonal? and is there a reason behind your choice? Also, does AirBNB keep track of the income? and...