Greetings from Harlem NY! A family member and I are interested in rental properties. We have zero experience but know that Newark and certain Bronx neighborhoods are way cheaper than Harlem. We hope to one day hold pr...

Hi BP! My question is if I sell my house will I have to pay capital gains tax? From what I have read so far I don't think I will have to. What I have read online is if your profit on your house is under $250,000 you d...

I have a paid off rental house and no mortgage on my modest bungalow. I recently bought a property from the VA for 52k, intending to use it as a rental for passive income. However, my son who has flipped two houses su...

Hey everybody, I was just wondering if anybody has made use of the the CARES Act to withdraw money penalty free from their retirement accounts? I understand that you still have to pay taxes on the amount but you can s...

I’ve always wanted to know what are the benefits from buying and holding real estate. Of course you have your monthly passive income. Butbwhat are some significant tax benefits, returns you can benefit from yearly bes...

I’m in process of learning how rental properties tax deductions work.  One item I see is properly management.
If I manage my own property, can I form a LLC as a property manager with myself as the employee?  In essen...

Hello to all, I am relatively new to owning and renting out property so any help here will be much appreciated! I have rent that comes in for one part of my building and before too long I should have additional rent ...

I understand as a shareholder of an S-Corp you are supposed to pay yourself a reasonable salary for work performed on behalf of the business. You cannot pay distributions until you first pay yourself a salary.

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I have read and watched several well known real estate investors talk but not go into detail about how they somehow manage to live tax free including their living expenses ( groceries etc.). I understand tax deduction...

Greetings,I am an Airbnb host with properties located in Kenya, Africa. Airbnb issued me a 1099-K tax form, indicating I meet the threshold for gross rental proceeds paid by guests. This means I may owe US income tax ...