Hi there, my question is really around taxes, I'll admit it is not my strong area and I do have an accountant that I will advise but figured I would see what discussions are generated here.So for my example, I have an...

Why don't lenders count rental income for loan purposes for first 2 years when you may be paying taxes on this? Are there any exceptions? 

What is the point of doing a 1031 exchange? Here is the how I would explain it to a kindergartner:

The true power of a 1031 exchange is the ability for an investor to meet their investment objectives without losing...

So I am working on this project that once I am done will be cash flowing around $5000 per month after all expenses are paid. I want to quit 9-5 and become full time RE investor. I plan on property managing myself as a...

Hi! For rental properties, are taxes paid (outside of property taxes) deductible? What about estimated income taxes sourced from rental income? Let's say I make $10,000 in one year from rental property. I then pay:- $...

We purchased a mobile home with land in Oswego N.Y. on October 6th 2020. The seller paid his taxes on October 4th 2020, before we bought the place. We’ve been trying to transfer the deed since we moved in. The seller ...

Hello, if anyone has had any experience in Broward County, Florida, winning a bank foreclosure paying over the final judgment amount, and getting the Clerk of Courts to disburse funds from Court Registry to cover deli...

My tenant made a minor repair I approved of which was needed. Is it better from a tax perspective to pay him or give rent credit for work done?  He has done the job already and did it well.  I'm trying to decide if I ...

As a wholesaler, do I have to pay transfer tax in Texas? Or does the seller generally pay it? According to www.ncsl.org Texas pays zero transfer tax. Is that right?I have not done my first deal yet and wondering if I ...

Hi BP Fam,I'm not sure if this is the right forum but here goes my question...I just hung up with a seller who has a property that is zoned commercial and on which he pays commercial taxes in Harris County (Texas). He...