Hello bigger pockets people! Having been self employed for some time now, I’ve kept poor records of earnings, and hadn’t earned enough to even file taxes. Recently things have changed. I’m paid very well as a project ...

Hello, I am new here and looking for help.  If this is the wrong platform forgive me.  I am an active three year STR investor with 4 current STR properties.  In January of 2023 my business was sold.  :) Unfortunately,...

I am working with an older investor who is trying to off load a Commercial building and wants to know what the Capital Gains taxes are before he commits to sell. I've been on google to search but I am coming up with d...

For professional property managers: who gets a 1099 at the end of the year?

I know contractors need a 1099 if they got paid at least $600. Do you send your investors a 1099? How about tenants? Anybody else?

Hey all,I will be extending an offer tonight for a multi-family home that I would be living in. It is a two family home; I will live in one unit and rent out the other. I am trying to get a full understanding of the e...

Anybody have a nice profit and loss template set up on excel that lets you plug in your numbers each month?  Looking for it to be geared toward rentals.  Appreciate anyone willing to share.  Thanks!

Well I'm moving back to the USA soon and would like to buy a fourplex for around 200k with a 20% down payment.  However I have been living and working abroad for the past 5 years and have no proof of income in the USA...

Hi everyone!I'm a Brit, living in the middle east and am married to an American. We have secured financing from the middle east in order to invest in my wifes hometown in Indiana, so from the buying point of view, we ...

My dad is close to hitting his retirement age and has heard that he needs to either sell his rental properties or pass them down to his children in order for his social security income to not be affected. Is this true...

How should an LLC be structured if you want to pay out to yourself and incur the least amount of tax penalties? Under a corporation?