I’m taking a hard look at moving to and residing in Puerto Rico. My first question is will my union pension and social security income be taxable by anyone.  Researching this online the Act 22 always hijacks the searc...

Hey everyone, I’ve got a few questions about how rental income is handled on my debt to income ratio. If I buy my first property and rent it out, let’s say for $2,400 per month and my monthly mortgage, tax, insurance,...

Hi everyone from BP family,i have a question that received some answers on but not from professionals ,just friends so i am not sure,Soi am on my way to buy a first property at the end of the year for house hack and s...

What's up BP!...

I have a quick question regarding rental income being considered income. I know that banks will not consider rental income (or any income really) for the first two years.

My question is... Is thi...

This question is not really for me because it won't make much difference for me but I want to throw it out there to see if the tax experts can weigh in. Perhaps it would be helpful for others.Can you deduct the state ...

After learning a ton from the forum & podast (thank you all!), I'm finally writing my first post here!There are many benefits with being an accredited investor, including access to better investment opportunities....

Hey BP, been very curious about my debt to income in regards to purchasing my third property. Here are my numbers.Make 60 k per year at my job.1st home receive 2025 in rent .. mortgage is 1575.(not a great deal. My fi...

We have found it nearly impossible to buy a house being self employed at this time. If we switch back to w2, how long would we need to pass before being allowed to use those pay stubs? How does it work if we don't hav...

I wanted to know when I rent out my house am I allowed to rent it out at any amount or is there a law where I can't rent to much?

What taxes do you pay when you receive passive income?
also can someone please give some details on other types of income.