Hello BP Tax Experts!My wife and I are in the process of getting our house ready to be used as a rental. All inspections are done and we have our rental business license for the house. We will be relocating to our n...
Would love some advice from the experts here...
Someone approached me with an offer to sell me a property -- he doesn't actually own the property yet -- he purchased the tax lien and has the intention of fore...
Hello everyone, I've made the misake of working mostly for cash at my job so my taxes are horrible. How do I secure financing for a property that i want to buy hold and rent out??
Hi,I have separate accounts setup for security deposit in Baselane. When I receive interest next year would I be responsible for paying the tax on that. How do people allocate tax to the renter rather than paying it t...
I'm thinking about selling a property I currently own to my adult stepchild (would trust with my life). I am planning to quitdeed claim the property to the stepchild (gift the stepchild closing costs needed to buy it...
This was my first year wholesaling part time here in DFW. I made a decent chunk of change doing it, about 40k. My question is when it comes to taxes, should I utilize a real estate tax professional at the end of t...
I'm about to finish my 2nd flip and am looking to purchase my 3rd within the next 2-3 weeks. The first two were just purchased and held in my own name, but I'm wondering if this is the best way to do this?
I have re...
I hoped some experinced members could point me to the right resources on the following situation.Assume you syndicate a deal and as part compensation for putting the deal deal together, for finding the right property ...
Hi everyone,My wife and I have shifted our business to acquiring short term rentals over the past few years. We have always used a traditional CPA but with 8 short term rentals and 3 long term traditional rentals we a...