Hi Forum,I am New to the BP Family and I see that everyone on this site appears to be very friendly and willing to share information, unlike a lot of others I've been a part of. Being that I am new and I have read a l...

Hey, I and my husband both are w2 wage earners. We formed an LLC and have 3 properties under that LLC and earning rental income
My question, do we need to pay a self-employment tax on the rental income? We pay SS and...

Does the wholesaler have to pay taxes. For example if u put a house under contract for $10k more, does taxes come out of that 10k. And do I have to pay the seller before I pay the tax or after? 

Hey Guys! The BP Podcast with Amanda Han on taxes last month really got the gears turning in my head. For anyone who hasn't listed to it yet... it's a great one! Episode 162 Now onto my question.. I have a traditional...

Looking for retirement planning options. Employer 401k is not an option. My income is W2 income and the passive income from investing via rentals owned in a one member LLC with no employees. Roth IRA is not an option....

I took a contract job a month ago in Phoenix where I organized as a 1099 contractor for tax benefit. Now lenders won't give me a loan. I am in the same industry and could switch back to W2 for a big hit in income. I w...

I'm a newbie and looking for advice. My wife has recently received 100k from her employer. We are considering purchasing our second income property. My wife likes the idea of paying cash for a property in the mid-west...

Hello, BP land!I've just purchased my first long term rental and am looking at next steps.  I used a HELOC on my primary home to finance the down payment for this first property.  I am considering a fix-n-flip next to...

Hello everyone,I am seriously considering becoming a landlord, and recently I started looking at the "starter" properties nearby. Found a three-unit property with the asking price of $150k, property tax of about $7700...

I inherited a foreign rental property from my parents in 2017 and started renting it out in 2018. It was empty for a year. We never lived in or visited the property. I sold it in 2020 for a loss based on the appraisal...