Hello BP,I am in the process of analyzing a deal and need some guidance. The property is in St. Petersburg, FL and is a duplex tenant occupied month to month. Everything in the home has been renovated a year ago and a...

Do real estate agents pay taxes on commissions they receive for the sale or purchase of their own home?

Hi everyone. I am looking for help from those familiar with FHA 203K rehab loan closing costs. I received my loan estimate...$95,000 loan total.  Almost $14,000  FOURTEEN THOUSAND in closing costs?! <--Does not inc...

Greetings all. I am a new member from the Denver metro area. I am currently building a tiny house to live in to greatly reduce my monthly expenses and travel more freely. I currently work as a software engineer and wi...

I have read a lot about advantage of claim "active participation", but no article about any pros on NOT claiming active participation.
I have placed a couple of properties in service in 2019 and will have a loss that...

So have this book coming in the mail today,The Book on Tax Strategies for the Savvy Real Estate InvestorHowever, I was hoping that besides tax strategies, that someone could say in plain words how they would explain h...

I have a rental property with a $1013 mort. payment.  It includes ins and taxes.I rent the property for $1050.  I owe 114K on the 145K mortgage.If I refi I can drop the mortgage to under $800 month.  It seems like a g...

Any help would be appreciated. I have a tenant who hasn't paid rent since March. They have notified me that their income was reduced due to Covid-19. They sent me an email stating that ”they know their rights and do n...

I am looking to invest in a market with a slightly lower set of entry constraints.... and suggestions?

If I buy a rental property with a loan, create positive cash flow with a rental, does this reduce my ability to then get another loan for another property? I’m just getting started and trying to create a strategy beyo...