I have 3 properties with my family in Brooklyn.In one building there is 2 apartments, we live in them. In the other 2 properties we have 6 apartments in total. All three properties were bought on my uncle's name, as ...
Hey here's my issue I would appreciate any help. I'm a wholesaler/flipper and it's been going well but I'm now trying to start grabbing prospects from the tax deliquent list that I grabbed from my county. Managed to f...
Hi everyone,This is my first year owning a rental property. My property manager shows fees like "posting & processing fees", "software", "showing the unit" in his financial statements. How should I handle these fo...
Hello Bigger Pockets Family,I have been away for a while for personal reasons. My wife and I need some help, hopefully from someone not a Georgia resident but owns rental property in the state of Georgia.We are looki...
I just purchased my first two apartment building via syndication last year and we collect a 2% asset management fee. My CPA is now telling me that this asset management fee will be subject to self employment tax. I ...
Quick question all! What tax deductions do you take on a STR managed by a PM where all you get is 1099 at end of the year for the final payouts made ( after deducting all fees). TIA!
I just purchased my first two apartment building via syndication last year and we collect a 2% asset management fee. My CPA is now telling me that this asset management fee will be subject to self employment tax. I ...
Hi everyone, I would greatly appreciate it to hear about how property managers handle healthcare/dental and tax work for themselves? I'm new to the business (three months in). And would like to know if I need to prep ...
Hi All! Happy New Year -We just discovered a property we purchased last spring (2022) had a tax lien on it that had been sold in late 2021. Notices had been going to the seller. The lien was put into foreclosure about...
Would anyone know of a updated tax lien/note tracking and management software for a small-mid size investor? I know there is a software by Vadar that are for firms that manage thousands of liens, but is there somethin...