Robert Hesselmann
Help analyzing a unique situation
As a means of helping me with future retirement funding, my former employer set up the sale and transfer of a number of rental units (19 in all) mostly SFH. to me.The deal is owner financed, no money down, interest on...
Chris Searcy
Baltimore Turnkey
Good morning,I'm considering some cheap properties in Baltimore. Although some clearly require complete or partial rehabs, there are some that seem to be turnkey and even state they they have been certified for Sectio...
CJ F
Does the IRS compare tenant/landlord tax returns?
For example, if I state on my return I made 21000 for the year from a duplex, while one tenant says they paid 12000, and the other tenant says they paid 13000. Anyone know if the IRS computers go through and compare ...
Michael Plaks
Another hog slaughtered by the Tax Court - are you the next one?
You know that pigs gets fat while hogs get slaughtered. The Tax Court once again illustrated this cliché in its recent decision in the Harrison v. Commissioner case (T.C. Summary Opinion 2022-6).
Nicole Harrison was ...
Danae Meurer
Best Tax Preparation Software
I have always done my own taxes using the forms off of the IRS website. I was considering moving to tax software this year. I would love to hear recommendations for the different programs that are available. I a...
Zachary Blomberg
Seeking Advice on Current Budget
Hello! I have been struggling to understand why I can't meet my budget goals each month with a more than reasonable budget of $5000. I live in Phoenix and am married with two little girls, ages 2 and 4 months. We do n...
Joseph Medina
WARNING! Biden's Tax Plan: The Investor's Worst Nightmare
IRS peeking into your income, Realized Cap Gains Increase, UNREALIZED CAP-GAINS TAX, DEATH OF THE 1031 EXHANGE AND MORE!!!
(I AM NO CPA AND THE FOLLOWING ARE MY VIEWS BASED ON MY INTREPRETATION OF THE ATTACHED DOCU...
D’Andre Ortiz
STUCK! Am I missing anything that I could do?
Hey fellow BP members, I come to you guys for some much needed advice. About 2 years ago I bought a property as my primary residence, It has been great but now I am looking to actually move up and tackle some of my RE...
Account Closed
Renting to a Mexican citizen living in the US
I have a very nice couple with three well behaved kids that wants to rent one of my homes. The problem for me is trying to verify if they are good tenants or not. I asked for the standard copies of each of the couples...
William Danielson
Deployment concerns with rental property
To my fellow military men and women, as well as anyone else with any insight...
I’m looking to buy my first rental property, but I have a 6 or 7 month deployment coming up in several months. I will only be able to ge...