My understanding is that during the loan approval process the underwriter will typically look at the previous two years of tax returns...  This past year I did well financially, but the year before that was not very g...

we own a brake and alignment shop.  paying double on social security, as you all know, is rough.  we have also been renting out our house in Bennett. we had a little plumbing problem that caused some damage last year....

Hi! My husband and I are high earners from our day jobs this year and will have a very high tax bill.  I am wondering if buying a property and renting it will help to offset or federal income tax that we will owe at t...

High w2 earner and was wondering what would be savings i make on tax regarding rental income after all tax write off?for example I’d need to make 18 at work to equal 9k rental income.

So I calculated that with real...

Curious on what people’s take is with making your rentals section 8. Fairly new to all this, but I have a couple rentals, and I’m working on a brrrr right now that I am making the place very nice. My initial thought i...

How should I create this partnership/deal?

I've had a rehabber approach me and we sat down for lunch today. We've been talking real estate awhile and we discussed doing work together. He's got a flip he'd lik...

  Amazon is supposed to be building a second location, estimates of 40,000 jobs, 5 billion or more invested into the areas surronding it. Chicago, Dallas, Denver, Detroit and a few more cities fighting for them to set...

I've always heard that I should use a corporation to reduce self-employment taxes while doing fix-n-flips.  However, I've heard that you only need to pay high SE taxes up to $130k.  If my W2 Salary is $130k+, then my ...

Hello BP - Im W-2 wage earner and a passive RE investor (20 units) and wanted to see if anyone out there was willing to share their story regarding the real estate professional status. Ideally Im looking to make my wi...

Hey BP Family! I have a question that I think can be helpful to many. With the results of the election what implications can this have regarding taxes and real estate? Additionally what are some sources you would rec...