How do you handle security deposits? I know that they are placed in a seperate account, but I am wondering how to account for non-refundable pet fees? Can I treat this as income and move it to my day-to-day checking...
I just received an EIP visa card with a lot more money than I think I'm entitled to. Our combined earnings in my household was a very healthy 6 figures last year; I thought the stimulus money was for those whose incom...
Hi there, I am seriously considering buying an investment property in Michigan north east of Detroit. I am wondering if I put the cash flow from the investment property into my children's MESP 529 account can I reduce...
Hello,
I received a mail (spam?) from [company name] titled, "New Low-Cost Options for Federal Tax Savings on Small Properties."
"Real estate investors who own property with an improvement basis as low as $500,000 c...
I currently work full time, and I have 10 properties that I have installment sales on, and they will be taxed using long term gains. I got the impression from my CPA that if I was to reduce my employed hours enough(or...
I'm very new to real estate investing, but have a few questions about the tax benefits of becoming a passive investor in a real estate syndication investing in multifamily residential properties. According to section...
I have a question about cryptocurrency and tax implications.
Suppose I am paid $10,000 for a job or service I perform and receive the amount in Bitcoin.
I understand that I need to treat the $10,000 in bitcoin as ...
There are way too many scam artists out there claiming to be legit people to fund money for real estate investing. I do not have family and friends to rely on to get capital I need for real estate investing. I hear ma...
Let's say I have 500k down payment and borrow 500k, and the monthly mortgage payment is 5800, and out of that, 4800 is mortgage interest, and I pay 2500 annually for insurance and 10000 for property tax, could anyone ...
Hello BP Family,I am new to real estate investing and I am looking to purchase a 3 or 4-unit apartment building. Only issue is I'm self employed. Does anyone have any recommendations for lenders that are friendly to t...