Hello everybody, Is there any income tax preparers in the Lexington, SC area that is investor friendly/knowledgeable that you would recommend?Thanks,Jewel

let's say you buy a re-performing note, is the income you receive taxed as ordinary income or as passive income.if you invest in a fund that invests in notes, is the income you receive taxed as ordinary income or as p...

I think it was Robert Kiyosaki who stated if you own rental properties and your paying taxes you are not doing it right.  Please Help me understand this better.  I basically use the brrrr strategy and use my local len...

I was surprised to find out that in addition to filing state and federal income taxes, many areas where people invest in rental property have local income tax requirements for NET PROFITS made on rental property.  
M...

Hi all, My spouse and I have a full time W2 jobs and we are looking into real estate investment (SFR - buy and hold strategy for now). Neither of us will be able to get the real estate professional status nor will we ...

I was introduced to the idea of finders fees for reuniting home owners of tax foreclosures with overage money by a webinar today. The program calls for you to pay over $1000 for a training program to learn how to do t...

Hi everyone,This is my first year owning a rental property. My property manager shows fees like "posting & processing fees", "software", "showing the unit" in his financial statements. How should I handle these fo...

I know I have to report wholesaling income on my tax return. My question is, how? And should I just have a real estate focused accountant do my taxes for me? I spent $5,000 on mail, and made $13,000, so an $8,000 prof...

I flipped 2 houses w a partner. 1st house was a loss of about 60k ea! (120k total)2nd house we are making a profit of 120k but this  "profit" would literally pay us back for our initial investments into our LLC togeth...

Hello EveryoneI am considering buying a house in California which has a guest house suitable for one person to live in. I may live in the guest house and rent out the main house or vice versa. Do I pay income tax on t...