My Game PlanGood evening, BP.2019 is a month away and I’d like to share with you guys my game plan for the next 3 years. Keep in mind that this is a WIP, and perhaps if there’s someone out there who’s in a similar pos...

Hello fellow BP'ers,

Both my partner and I are self employed in the horse racing business. We can't provide any W2's or a proof of monthly income due to the fact that our earnings are based of off race outcomes...

Do you just print copies of the checks you made and keep them as your stubs, and save them come tax time and take them to H&R block, or how exactly do you do it?

I'm not sure if this question was answered but here it goes. If I go to a tax sale and bid on a tax lien property with a "mortgage" and win the auction, do I have to pay the monthly payment and/or be responsible for t...

Hi all:

My name, as you guessed, is Dennis Gilgallon. I am a non-real estate Project Manager from North Arlington, NJ. This is basically between Jersey City and Newark.

I have been researching and r...

I'm over 59.5 and about 5 years away from retirement. I may work longer, not sure. I currently own a rental condo that still has about 85K on the mortgage wth an $800 mortgage payment. Current value on the condo is ab...

A few items here I want to point out.  [1]  If you already use a CPA/EA , then they have a tax program which is flexible, and he can run a bunch of What-if scenarios for you, for the current year.  A lot of Members ha...

I'm hearing that nothing is more advantageous from the tax standpoint than real-estate also one never wants to part with good properties but use it as a cash cow. Help me connect the dots.Let's use a portfolio of 10 S...

Hi,

The point of this message is to try and find out what a good real estate investor does when crunching the numbers before they acquire real estate. Can you please look at what I did below and tell me the pos. and ...

So,I know that Texas has no state income tax.  Does this include net rent for rental homes under an LLC?For example, if I show a positive net cash flow of $1000 for a rental property, is the IRS going to collect any i...