I am trying to get a refi on a BRRR property for a sizeable amount I will be able to pull back out of it.  I was just told that you can no longer just show rental receipts, that you have to have it claimed on your tax...

My question is Bp teaches you to use bank’s money. One of the purposes is to get tax breaks but don’t you still have to claim the profit of the cash flow you do get after your mortgage and bills are paid 

Does anyone know if you have a net loss for the year, do you claim your home office deduction that year and carry it forward, or do you "not claim" it, hold on to the info, and claim it when you have a net profit for ...

I'm working a rehab. I have a rehab loan -- so the mortgage is for the house + approx. $24K in rehab money.

For my accounting - how do I account for repairs being paid for? I'm writing the check and getting the r...

Hi, I have purchased a 3 unit multi fam property under LLC (50/50 partnership husband and wife in NJ which is Non-community state) and financed (100%) through hard money lender(personal guarantee). After the rehab was...

Hey guys,
I have a two part question
1. Is passive income not taxed because it isn't earned income??? Or why is it tax free?
2. If you have a rental that is producing passive income. And you sell it, do you owe tax...

I recently attended a bootcamp where one of the speakers was a tax guy. He was apoplectic when he talked about CPAs who set up clients in LLCs with an S-corp tax election in part to save on self-employment taxes. Swea...

Hello, im looking to invest in pre-foreclosures, probates, tax liens, etc and wondering how to attain those lists. I've been to and called several counties and have asked for these documents but have been looked at we...

My partner and I formed an LLC in 2015 and purchased a rental home. This is our only investment property and the sole reason for the LLC. In 2015 we did not issue a K1 and there was no return filed for the LLC. We fil...

I just purchased my first investment as a house hack, with the intent of living there for a year or two, and I am seeking clarification on a few things relating to the accounting side of this. The property is a 3-unit...