Hi allI have been house hacking my primary residence for the last year renting out my basement. This is my first time filing taxes with rental income. I am looking for a CPA that can help with filing taxes in Baltimor...

Hello! I have a clarifying question on the STR tax deduction. Assuming you meet the terms of the tax benefit qualification (e.g., 100 hours and more than anyone else) and want to use excess losses from the short-term ...

For large real estate investment companies (100 unIts+) with in house leasIng, management and maintenance. What percentage of income is generally positive cash flow? Where I live there are companies who own 10,000+ un...

This IRS topic defines rental income in this way: "Generally, cash or the fair market value of property you receive for the use of real estate or personal property is taxable to you as rental income." The question is ...

Hi everyone:

How can you know if a Schedule E being presented is accurate and not bogus?

Thanks.
Peter.

Hi, wife and I are first-time RE investors, based in Chicago. Our offer just got accepted for a new development duplex-down in a high-growth neighborhood of Chicago. Trying to pressure test the deal financials with th...

Hey all!First time poster, long-time lurker. I wanted to pick the brains of people on here much smarter than I about my situation. I'm looking to invest in real estate and am fortunate enough to have a fairly good job...

Hello everybody, Im looking for help, Im trying to get a loan for my first investment property but the banks don't like the idea that most of my income comes from tips working as a Bartender. Even though I make 5k a m...

Hi, I do my own bookkeeping and am trying to figure out the proper way to book a refinance on an investment property.The refinance was a zero-cost refi with a huge credit of -0.75 points (on a $1.6M loan). This covere...

I've seen people in the BP forums with differing opinions on the topic (shocker!). Some say as soon as you get a Property Manager you are passive no matter what. Others quote the readily available Internet information...