Hi BP, I quit my full time job and closed on a property a couple months ago in Philly. I’m doing most of the renovations myself and I’m starting to sift through the potential taxes incurred once I sell. I’m a bit conf...

On a wholesale deal. $50k total sale, $11k profit. Double close process. 1099S form says $50k gross proceeds. Is wholesaler responsible for taxes on the whole 50k even though $11k was all they received???Or should thi...

A cash out refinance is an important part of the BRRRR method. I am a first time home buyer and at unease with the tender qualifications that are required while attempting cash refinance while being self employed. Are...

I have been reading a ton of books about investing. I know I want to buy buy and hold properties. I have a small savings but want to keep it for emergencies. I currently rent myself and would like to buy a house one d...

I am interested in knowing what members (investors) think about "IRA/LLC or Checkbook IRA" and the best institutions in the business they have dealt with in the past. Much of the information out there are from the ins...

Looking to open a Self Directed IRA for my real estate investments. Can anyone point me in the right direction. Im from Chicago but doesnt have to be local financial institution. 

When using a self directed IRA as a down payment on a rental property, I'm understanding that any cash flow can't be touched for personal use (if that's not the case please chime in). What happens then if you wanted t...

Thinking about opening up a Self Ira account for future real estate and other investments but unfamiliar on how the process go. I am 20 year old so not sure if I have to be a certain age or have enough funds to deposi...

So, I keep hearing about it being great to be classified as a "real estate Professional" for tax purposes. It seems the only benifit is to be able to deduct passive rental losses from ordinary income.. Since I have no...

My previous employer was forced to close shop and I was just told that they are going to send me my 401K funds. I've decided I want to use these funds to invest in real estate (I have a separate IRA from previous 401k...