I need to build a balance sheet for my properties. What I have so far... Assets, cash and the properties. Liabilities, balances owed on properties, credit cards and lines of credit. Am I missing anything there? Also, ...

Hello,
I sold 2 properties at a loss in 2023, and one property for a small gain in 2023. When looking at my tax return from my CPA, the losses and gains show up on Form 4797 (Part I for the losses and the gain in Par...

I have used a CPA in the past when I had 2 S Corps but when I closed them I started doing taxes my self with good old Turbo Tax. I am pretty sure I take all the deductions I'm due and I've vehicles such as as solo 401...

Hi All, I have been searching BP for a answer to my question but did not find. Forgive me if I missed it. A property fell in my lap today for wholesale. Daughter wants to sell. Mom died in April 2019 and the Executor ...

I’m in CA and looking at buying at my first tax auction. It’s coming up next month. I have my list and am trimming it down and gathering info as I do that. I think my next step is to check some of these properties for...

Hey guys,
I have been investing in tax liens in AZ, CO and FL, this year I am looking into Indiana, but it seems things are very different in IN and I am a bit confused. 
First, the types of the auctions. I looked a...

I have a property up under contract In Cleveland, OhIo and my lender advised that he can’t close under the LLC and I probably would need a commercial loan? Is that true? Are commercial loans better than conventional l...

Hi guys, Assuming most points and highest rates: (Hard money lender offers 2-4 origination and 11-14% interest annualized. I'm assuming 4 points and 14 % rate)Purchase price = 210k This particular lender requires I pa...

Hello, all.I generally let my accountant do his thing, but I try to understand the ins and outs of taxes for my own benefit as well. I understand the concept of depreciation on a home over 27.5 years as an expense tha...

Hey guys! Me, my wife and 3 year old son are looking for areas just outside of NYC (or perhaps Brooklyn/Queens) that have multifamily properties that we could possibly live in and that would eventually cash flow after...