Can someone explain something about the buy, borrow, die concept of avoiding income taxes?  I understand that you don't pay taxes on borrowed money.   What do you do with the profits from the company to avoid income t...

I'm curious what differences there are in accumulated depreciation deductions in vacation rentals from long-term. Can you depreciate the value of the appliances and furnishings typically?  Do you find overall that the...

Hello there, new to this community. I have been listening to a lot of the BP podcasts and youtube videos for the last few weeks. My husband and I are both in medicine. Next year he will be an attending and I will be s...

Merry Christmas and Happy New Year BP Family! Has any house hackers run into issues getting a conventional loan for a new/primary residence due to taking a loss on prior years tax filing on multiunit? Otherwise consid...

How is income from a seller-financed property treated from a tax perspective?  I am considering selling a property that has no mortgage on it through seller financing.  I know that if I were to sell it through a stand...

If my primary home is free and clear, are the home insurance and property tax considered debt? There is no escrow account and it does not show up on my credit. 

I would like to know how many people here are living off rental income. The ability to quit your 9 to 5 job and manage properties sounds interesting! If you're doing this, please include how many rentals you current...

Hi,Assume there is no cost for mortgage requesting for my lender. Assume my marginal income tax bracket is very high, and mortgage rate is 5.25%. If I have lump-sum free cash, should I just apply it to my mortgage to ...

I already have a primary vehicle. I want to purchase a secondary work truck (20k) and dump trailer (7k). Trying to figure out how much of these purchases I can deduct. Also, what other deductions would that cut into (...