When you're part time wholesaling while working a day job how do you handle your taxes?  Do you set aside 35% from wholesaling then pay quarterly?  Then do you change the way you file taxes on your day job? Sam Williams

Hi,We have a retired teacher that wants to rent our unit.  Everything checks out great about her - she even wants a 2 year lease, but how do we verify income?  She showed us her retirement checks (those alone do not m...

A local broker/investor has recently bought a tax lien for the house next door to us. We want to buy it from him but he has not quieted the title. We have a well known RE attorney here that says we should be able to q...

Who do you use and recommend? I need some help planning for and minimizing taxes. Personal and Business. Located in CA.

If a Cost Segregation Study had not been performed on this $3,000,000 RV & Boat Storage Building located in Fort Pierce, Florida that was purchased in 2020, it would have had first year depreciation of appro...

First, this thread is NOT about the current legislation to create a national healthcare program. There are plenty of threads on here arguing the benefits and drawbacks of that specific bill, and I don't want this to ...

I’m looking for some advice. How much does one property reduce your state/federal income taxes? How much does 2 properties reduce it? I know this is a largely variable question, just looking for advice/ guidance, if i...

I have been working with an "experienced investor" stating he needed 200K before year end to "start the new year off right". The borrower was kind enough to provide me "comps" showing a value of over 200K for one of h...

Besides making less money, what are some good ways to reduce my income tax bills? I mostly flip & wholesale, so my income is primarily taxed at short term rates. Between state & federal last year my tax bill...

Greetings,I am using the BP Rental Calculator help me evaluate potential rental properties, and attempting to be as accurate as possible.  I like the fact that it accounts for so many potential expenses.  One big expe...