Hello I'm new to the flipping world and was wondering how much tax was charged when you sell a flip. I was told 40-50 percent??? Is this true? Any advice would be appreciated. John

I am totally blown away trying to sell a house I purchased 4 years ago at PA Judicial sale.  I was taught that a judicial sale will wipe out all leins except federal.  I have found that information is totally misleadi...

Might be a stupid question but - is Cash Flow Taxed? I've heard some people say that cash flow goes "straight to your pocket and it's all yours" and others say don't forget you pay taxes on it. Well, which one is it? ...

Hello bigger pockets. I'm currently looking into buying a 3 family house in a B+ neighborhood in historic federal hill area of Bristol CT. The house has completely been renovated and fully occupied at the moment. I be...

Need advice on Business entity. Me and my wife are both W2 employees but we have an option to have my wife be a 1099 Contractor for the school she works for. I am reading and trying to determine some benefits of the S...

I know REITs are not corporations, but are their shares bought and sold like normal stocks? Also does anyone here know if any REITs in Southern California that specialize in apartments?

can a second be whiped out in filing bankrupcy if it is not a purchase money second?

I know hiring a CPA or advisor is a good idea at any point, but at what point in an investor's progression does it become a necessity?I imagine it depends on focus, like LTR vs STR vs development... Curious to know yo...

Hi everyone, question about State tax returns. I live in New York, and have bought properties in Arkansas, Alabama, and Missouri this year. Do I have to file something for each state even though My schedule E will sho...

Hi-I just started a new job and trying to adjust my W-4. In my previous employment I was claiming head of household. I am a home owner and pay more than 50% of the household expenses. My question is what line do I mak...