The rental I purchased last week had fairly significant security deposits in place, a portion of which was labeled as "non-refundable".

Am I correct to assume that's essentially income?

If so, from a tax perspective...

Formed a 3-way LLC partnership in 2018 but no business was conducted. How much should it cost to file and does each partner need to file separately? I received a quote for $600 and this seems outrageous. Also, does an...

Looking for a CPA to consult as I begin Real Estate investing. Thank you!!

I want to buy my sisters house. It's owned and has no mortgage so we are drawing up our own unconventional agreement for payments. However, she doesn't want me to record the deed until it's paid in full. Will the memo...

I am processing a tenant application. 1/3 of the income is coming from alimony and child support. I have no idea what the likelihood of her continuing to receive this income regularly is. I am looking for ideas on...

My husband and I are considering purchasing a home at auction that has a large federal tax lien on it. Can someone explain further the details of the 120 redemption period the IRS has? I was also recommended to get a ...

,I was analyzing a property(condo with HOA of $150), where I see the county is valuing the property at $39000. The Current Market Value is around $140K. The owner is in distress and wants to get rid of the property...

Okay.. I'm new but I've been reading a lot of posts.  It seems everyone is trying to get their involvement in their rental income business to be "actively Participating" so they can get the QBI deduction, but  I've al...

The Portland City council voted Thursday afternoon (2/2/17) on an addition to the housing state of emergency ordinance passed in 2015. Ordinance states that if a tenant decides to move after being given a rent increas...

What if you carry a note for a property where the owner has stopped paying property taxes?  Is it possible to cover the taxes yourself to prevent potentially losing the property?