So recently my friend tells me that his late great grandmothers house had been broken into and vandalized, the house is vacant and is owned by his grandfather. They want nothing to do with the property. With me curren...

Need some help from some seasoned professionals.  I had a great discussion with my CPA today about a number of things that I needed to know, and she really tuned me up.  I will have a solo 401k soon, and I already hav...

I have identified the properties I want. They are fully occupied with paying tenants. I have asked for two years of financials to substantiate the claim. What other type of documentation should I ask for? Is there any...

Where do I start reading about this stuff?
I googled for a while until I found this link: http://www.propertyinvestmentproject.co.uk/blog/using-a-company-to-save-tax-on-rental-income which unfortunately is only valid ...

Death & taxes ....  Don do flips. Waste of time & money. Why would you want to work hard to pay ordinary Federal & state taxes, self employment, medicare and what not? Why to give 50+ percent of your profi...

I am just curious as to how some of you seasoned investors maintain health insurance for yourself and your families? Are most of you "risking it", have spouses with insurance, paying outrageous deductibles ? I am stil...

Good morning BP!I work full time and have a 401(k) through my employer.  I also have an Roth IRA personally that I contribute to.  However, I utilize a disregarded entity to own and manage several small apartment buil...

Happy Easter bigger pockets members! So this is actually happening to a close friend of mine. I am not exactly sure what direction to point him in, so I thought I would open it up for discussion here. He is 67, blue c...

Tax Question (two scenarios) - Question builds so please read all three bullet points and provide feedback:

1) Capital Gain – seller purchases a property for 40K. 20 years later property is fully depreciated and se...

My family is in a weird spot right now with my grandmother and her estate.  She is not in good health and needed to go to an assisted living facility.  My mother has been managing her estate and is getting tired of ma...