I recently discovered you guys and am taking in as much info as I can. One roadblock which keeps coming up on financing. I have perfect credit (800 fico) and cash to back me up (200k) however I do not want to throw al...

Hey Everyone, 
Apologies if I'm bringing up a subject that has been answered, but I couldn't find anything particular in the forum about this. 
I've got a large single family portfolio in Florida and haven't taken a...

Do you have to have an LLC in order to claim real estate related business expenses? If not, how many deals do you have to do per year so that you are consider as running a real estate business?

Hi members,I recently met my CFP and he concluded that after all these years of accumulation in 401k it's time to take steps to minimize taxes and reduce/eliminate RMD.  As expected, he recommends Roth conversion and ...

Tried to cash out with ally bank and they asked for 2 years salary proof. Is this a standard requirement from banks or are there others with less strict requirements of say a few months income proof?

Hey all,I recently sold a home in 2016.  Unfortunately for reasons I don't want to get into, I couldn't do a 1031 exchange.  So I had some capital gains plus depreciation recapture.  So I know i'm due for some taxes o...

I'm a new real estate investor, and I found some basic tax tips, which I want to follow:
1. Depreciation - a non-cash deduction that allows me to deduct a portion of the cost of properties over their lifetime.
2. I ...

I am a house flipper. Was a Realtor then switched to primarily house flipping because I am better at it and pays more for me personally. 26 year old (almost 27) single guy. I own a house in Hyde park Cincinnati which ...

I have a quick question as to how the short-term gains are taxed (ie tax bracket). I've flipped a 2 properties under my LLC this year (outside of my regular W-2) and trying to get an understanding of what to expect. 

if a property is quit claimed to me do I get the tax write off benifits when I fill my taxes?