Just had an interesting conversation with my CPA, he says he has never had as many audits ordered this month, and he has been doing taxes for over 20 years. Basically, the IRS is interested in how filers with low earn...

So my brother wants to partner up and fund 100% of the down payment for all the deals I find. We would both be on the deed. Would this trigger an tax implications? Would this count as a gift?

If one were to purchase a rental property as an individual, what is the typical process for then moving ownership of it to an LLC? Seems like that might be an issue for the bank that holds the mortgage since they woul...

If my solo 401k lends private/hard money to an investor, am I able to charge a percentage of the profits as well as interest? In my state the interest rate is capped at 12%. Also, what about up front fees? I can't see...

I'm looking to purchase my first subject to deal. It's a great deal (sub 3% interest rate). I have been hearing so many mixed things about it that it is making me worried. I have had people tell me it is illegal and w...

Please do not post "you should seek a tax professional"  I will do this but wanted to know if anyone here knew anything besides "You should seek a tax professional"  Now that we got that out of the way, I want to know...

I am a 20 year old college student looking for advice on what to do in my current situation. I work 2 (soon to be 3 jobs), live at home, attend college, have 20 grand saved up on top of stocks and an IRA. Should I pul...

Hi Brain Trust,
My wife and I are purchasing a property in St. Louis, MO where we are both on the loan and title. I was planning to quit claim the property into my LLC after we close on the property. My wife still ne...

I know there is a concept of loss of rent insurance if there is a fire or something. My question is if there is a concept  of an insurance policy that will guarantee a specific noi number.For example if I am buying a ...

I read the below posting regarding 1031 but have a twist on the question of which I'm hoping someone has an idea.  NOTE: I will be asking my attorney and accountant but was hoping for additional information here.http...