Question for the veteran or financial expert of the bigger pocket community. My RE partner and I had our first big success in the BRRR method in the past month. My question revolves around taxes owed. Here are the rou...

Hello all,
I am wondering if anybody that has converted their garage into an ADU in CA has had any increases in their property taxes. I am reading the California real estate principles and it appears that the county ...

We (3 siblings) bought a home for a little over $1M just before covid, now it's appreciated to $1.4M - $1.5M.
All 3 names are on home title. 2 siblings want to sell, one of the sibling is financially capable of buyin...

I know ultimately I need to ask my accountant but he’s busy and expensive to ask preliminary questions. I won some land at a county tax auction. My agent has done some research and determined that I’m able to sell it ...

We sold a property last year and are carrying the note. Buyer has been making monthly payments and is due to make the balloon payment in a few months. I'm wondering what the tax implications are for both the payments ...

I'm planning to partner with a friend on two flips in 2014. We will each be contributing equal amounts of money to the projects. Since I only anticipate doing two flips next year I'd prefer to declare the profits...

Hi, I am a rookie and would appreciate very much some help with preparing my 2018 taxes. I imagine many folks who start out  have similar questions and experiences. In December 2017 and early 2018, I looked at some ho...

Confirming that (generally speaking) a property owner will likely have to report any cancelled debt from a short sale as income? Any way around this if true?

I signed a note with an individual and then used all the loan proceeds as a down payment on an investment property. I have recently paid this off in full, including all interest due and am wondering if there is any w...

I just purchased a 2 family home which is being rented out. Are there any NEGATIVE things, tax wise, that come from purchasing a home? I know I can write off expenses, etc to help me out....but anything with a negativ...