A family member recently passed away and they owned a home on 30 acres with a pole barn. My wife and I are interested in potentially buying the property and we currently own a duplex that we are thinking about selling...

Is it possible to pay more to close on a property than what is shown on your HUD 1 doc?  I just got a property under contract in New York.  I am reviewing the HUD 1 Doc and the total "cash to close" figure is lower th...

Hello I'm Ray i'm getting into Real Estate and im learning everything from myself and always asking questions and all that good stuff. So i ran into a question nobody has be able to answer for me and that's how do i f...

Something I’ve always wondered and don’t see much talk about is in regards to taking into account the expenses for Attorneys, CPAs, and others that would be in your “power” team. Shouldn’t this be included in the PITI...

Hello fellow investorsI was wondering if I could get some thoughts on tax preparation "only" fees for a good CPA (not inclusive of any bookkeeping services).  We own a holding company that owns all of the entities tha...

I understand that the loan origination fees are amortized over the life of the loan, so if you get a hard money loan and paid $3000 in origination fees, you would create an amortized asset with a 1 year life span, bec...

Hi BP community. I searched in the Tax and Legal forum, but didn't see this question answered specifically. I am trying to determine how lease option up-front option fees are taxed. My understanding is that they are r...

Hi Everyone, I'm new to the bigger pockets forum. Since the tax season is right around the corner, I'm wondering that how can I write off my leasing agent fee? I worked with one for the leasing agents at Austin area,...

This may sound like a dumb question but, I just started a multi-family company in Texas in October 2013. I haven't purchased anything, therefore I have no sales and I got hit with this bill of $1,150. Has anyone ...

I am in escrow on a commercial building for a value-add deal I am developing and will get an acquisition fee from the LP I am partnering with.  How is this acquisition fee classified tax-wise?  Is it ordinary income? ...