This post might be a little scatter brained but here I go. I own 2 condos in NYC, live in one and rent the other and plan on buying more properties. I can come up with the down payments and capital but I only make $10...

Hi ya'll,
I'm full time military and a Realtor.  I made around $1,600 in 1099 income as a Realtor and had about $4,000 in expenses starting up my business.  Can I add up all my income (W-2 from the military and the 1...

Yes, great question for my tax accountant.  I am working to closing my first REI deal and will not be relying on this property for income purposes.  I have scoured the forum for this specific question and do not see i...

I completed a 1031 exchange in 2017 and received some cash boot from the exchange. My accountant can't figure out if, in addition to Form 8824, we also need to file Form 4797 for this.  The main area of concern is how...

Quick question for a savvy CPA:

If I own property in a state like Indiana or Tennessee with an LLC formed in FL, am I liable for state income tax in Indiana or Tennessee for the income generated through renting the p...

what are some legal ways to reduce my rental imcome? Can my partner/girlfriend claim the income and expenses?   Does her name need to be in the mortgage or deed? 

Good evening BP, I am trying to better understand the Low Housing Income Tax Credit process. What are some of your experiences during the process, from application, to build up or renovation, & the lease-up/ renti...

I've seen it mentioned on some posts that lenders like to see that people pay income taxes. What do they look for with conventional owner-occupied mortgages? This is conflicting because we try to write off every dolla...

My partner and I are wanting to use our credit lines for personal expenses while working on our flips.  This would do 2 things: 1. Ensure that we have some income while working on said projects. 2. Lower our total tax...

End of last year I moved, and started renting our my old condo. I have been wanting to get into real estate investing for some time, but for other reasons I have not been able to. I thought this would be a good way to...