Can someone explain to me what exactly would happen if America defaults on its debt?If America has never defaulted in the past can you give me an example of another country that has defaulted and what happened to them...

Hi BP,I am wondering if a lien filed against the owner of a property (not the property's property tax) going up for auction at a tax deed sale survives the auction? For example, there is a property I am doing title re...

Hi everyone! New to bigger pockets and have a question. I have had a rental property for 7 years that I have just kept in my personal name and claimed on my personal taxes (it was my townhouse from before marriage so ...

Hi there, does anybody know a good CPA or Lawyer that can help me with the creation of a LLC in the Houston area? 

Hi everyone,I am trying to figure out what the depreciation basis will be for the property that I will be closing in two weeks.I am buying a property with full cash, doing some minor exterior rehabs (place is already ...

In the third and final segment of Real Estate Tax Deductions, I want to discuss At-Risk Rules, Basis Issues and Excess Business Losses.
At-Risk Rules
An At-Risk rule is a tax shelter that limits the allowable deduc...

Hi All,Under the current tax laws is interior painting considered maintenance vs repairs?What about roof maintenance (replacing a few shingles)?I would like to have document references to support classifying these two...

Hi! I just had a, hopefully, quick question regarding my situation and if my assumptions about expenses are correct.  I'm currently rehabbing a property I bought and isn't "in service" right now. Not much has been don...

I had interest only hard money every month of the year last year, am I able to write it off as regular mortgage interest?

We bought our previous home in April 2013, lived in it until April 2015, then sold it recently in May 2016, which qualified us for Capital Gains Tax Exclusion.We bought our current home in October 2014, lived in it si...