IRS released guidance yesterday saying that any PPP expenses that are forgiven are NOT deductible for Fed income tax purposes.  In essence, the forgiven funds are taxable, in direct conflict with the Cares Act.  Congr...

I am working with a client on a project where the A.R.V. is expected to be around $30 million. I love optimism but he is expecting to be able to sell the property very quickly. I'm expecting it to be on the market for...

I am in a quandary with a perspective tenant.  For last month or so I have been showing the house to lots of people and have had a few applicants that just did not work out for whatever.  Been working on house for a ...

Ok, so after a recent visit to my CPA for personal taxes, I was asking how I should set up my accounting. I have read a variety of articles on BP and they have been helpful but not exactly specific to my problem. Righ...

Does fix& flip still make sense??? in 2024? -- was wondering about that, 2nd. thing that comes to my mind is what you guys think about : " buy & hold " in the areas like: OH, MI, TN,AR, TX, FL ?? -- and what w...

I have the opportunity to be mentored by a "not-yet-national-guru" who has over 60 deals done. I have much respect for him. I have known him for about two years. His mentoring will cost about $200 per hour in the ...

Hello everyone. I’m graduating from Eastern Illinois University in the summer and am very interested in getting started in real estate investing. I have been listening to the Bigger Pockets podcast and reading as much...

I am reading that the mortgage deduction is going to be for loans up to 750k on new deals for primary residency....., how about for rental properties?  is that any different?  is this capped to 750k total or is it per...

I am generally not a fan of wholesalers. I find the majority of them to have low repair costs and high ARV. I see way too much daisy chaining. But...the good ones are fantastic. The good ones use some or all of these ...

Buying a multi-family with my brother (both of us married).  Lender has been a mess from the start.  Long story short, it's in the 11th hour and the lender realized my wife (Korean) can not sign/notarize the dower ri...