Hello BP!In a real estate podcast(possibly the BP one) I heard a guest mention that depending on what they claim on taxes could determine if they get approved for future loans. I am wanting more information on this to...

If I rent out rooms in my house do you count shared space when filing taxes or would it only be the rooms they rent?

Situation: Buyer anticipates closing first week of January. Seller said
he needs to close before end of 2019 so that he can claim tax loss. Is
there some creative legal mechanism through which we can make closing ...

I just remodeled my duplex (new floors, trim, doors, cabinets, appliances, garage doors, paint, bathroom vanity/sink/mirror, toilet, closet doors, etc.). When filing my taxes, how do I claim this? Is it a repair? Is i...

Here's my scenario: I had a primary residence I lived in for almost 10 yrs (2000-2010). I then converted it to a rental in 2010. My tenants had a house fire...total loss in Dec 2011. If I collect on insurance an a...

After winning a tax deed from the auction is a "quit claim" always required if wanting to sell home quick? Also does previous owner have to sign as well?

Looking for a little advice on this. I have a few sfh rentals. One of them had some significant damage done to it in Feb. of this year. To make a long story short I evicted a tenant and two days later someone kicke...

A rental property suffered damage in a wind storm. An insurance claim was submitted and a settlement was made. Repairs were made with a portion of the money. There was no change in the value of the property.

How i...

BP,          Now that tax season is over I was wondering if anyone tried to do something like this, this year. I have three property's where I handle the lawn maintenance. Currently I have a push mower at each propert...

My wife told me that she heard rental income up to the price of the mortgage was not required to be reported for tax reasons. I have never heard this and to me it sounds wrong but when I mentioned it she said that I w...