I own 1 profitable rental property and I am retired, keep separate records on my rental property.According to IRS guidance it states:  "If an interest in real estate fails to satisfy all the requirements of the safe h...

Good morning BP,I saw a post this morning that got me thinking about the biggest issue when it comes to flipping. The biggest issue many of my investors have run into is finding a great contractor. Finding the deal an...

Let's say you made a couple hundred thousand in net taxable income from house flipping and you're holding some of that cash through the end of the year until you find another property, so 1031 is off the table.  Other...

Hello all, first post.
Im looking to buy a new primary home while I still have another property on the books and not sure how it will be treated in a mortage.
I will explain the best I can and start with some backgr...

I see that this has been discussed with real estate, but not much discussion about buying and flipping mobile homes and what taxes will apply. I understand the year and a day holding period for real estate, but what ...

I recently received this letter from my property manager. I'm curious as to what everyone's response or take on this is (any personal info removed of course).

Hi,

Just wanted to give you an update. The...

Contrary to popular borrower belief, the mortgage business is actually more about people than numbers. In the beginning it might be all fun and games with X's & O's and spreadsheets of mortgage quote comparisons b...

Jail so looking for some quick advice... Long story short my Tennant got arrested for some sick stuff and if convicted will be gone for a while. 100k bail if that tells you anything.   A warrant was served and the doo...

Hello Bigger Pocketers!I have accepted an offer to sell a rental, but...it means my tenants have to leave early. So, it's me breaking the lease agreement not them. They need to move out 1 month early.My lease requires...

can anyone explain how notes work