I see a lot of confusion on owing the IRS while under extension. Here's how the system works.
1. Extension that you filed on April 15 does give you time to file your taxes until Oct 15. But it does not extend the tim...

Looking for some wisdom from my fellow BPers!I am considering doing a cash out refi for a rental property purchased in July 2017 with a 30 yr. 4.375% fixed, for the purpose of acquiring acquisition capital. With the g...

Good morning all,Anybody knows of any strategy to prevent Property Tax increase once you buy an investment property?I account for 50% increase in this expense while doing my calculations, but want to know if there are...

When most of us think of having the IRS audit us, we get anxious. Audits can be very expensive, invasive and ultimately time consuming. Some audits are inevitable. However, there are multiple preventative measures tha...

I believe it's generally better to get as much loan as possible and save cash for opportunities, but in my case, DTI may prevent me from taking out another mortgage, so I'm thinking if I can't secure a loan, I'll pay ...

I keep reading about how there are so many benefits to being a landlord, because you can reduce your income taxes and such...

Can anyone please explain how it works? Like a basic overview? I have heard people talk ab...

Curious on your thoughts and what helped you overcome Analysis Paralysis.I find amongst my clients that analysis paralysis is a common challenge that real estate investors, like any other type of investors, can face. ...

Hi BP Family,I live in California and am about to start investing out of state. I have a CPA that I've used for years but when I brought up the investment to him he said my wife and I combined make too much money so t...

I am doing a rehab project on a triplex. I have a small budget of $10-15k. However, if I had the money I could easily find uses for $30k in improvements (Debating between aesthetic and functional improvements). For ex...

First off, I’m not trying to do anything illegal I’m just asking if this is a plausible scenario.Also, I believe my title should read dependents instead of deductions. Sorry. I have a W2 job and one rental property. ...