Could someone please put in layman's terms the tax advantages that a Real Estate Professional enjoys in real estate investing? Thanks.

Hey there BP Nation! So I've been doing my research, taking in as much as I can and I hear of the many tax right offs and benefits to real estate investing, but there isn't much detail. Now understand I just turned tw...

Hi Everyone,I'm considering upgrading to a PRO membership and I wanted to know for those of you who were not PRO for a while, and then upgraded, how do you feel it has helped you?  Meaning, has it had real world effec...

Hello BiggerPockets,So I now have my NJ real estate license, now what?After speaking to a few brokerages and seeing how of the commission they actually take, plus the split with other agents. And not to mention the ma...

With careful planning and proper research, investing in real estate can be a lucrative and rewarding experience. One of the keys to success in real estate investing is to have a clear understanding of your financial g...

When faced with the choice of "no payroll" or "pay out of pocket", I chose the latter, and pierced the veil between personal and LLC finances, and then further pierced it paying back some of those contributions.  Now,...

I know many of you do month to month.

I personally like a one year lease.

I was asked by an applicant today if she signs a 2 year lease if I would discount the rent a little.

I told her I would gi...

Has anyone created a qualified opportunity fund (QOF) with a corporation or partnership and successfully invested in a Nashville Tennessee or Clarksville TN? It seems like a great program and I was really excited to s...

I buy lots of second mortgages and occasionally foreclose on the properties. I end up getting title to the properties subject-to the 1st mortgages. Well, then I get in to a pickle because sometimes I'd like to keep th...

Hi Everyone, It turns out the house I own is in an economic opportunity zone. It was purchased in 2004. What are the tax implications? Thank you!