Can a person contribute to both a Roth and a non-deductible Traditional IRA (then convert to a Roth soon after funding) in the same year?  I know the back door is a way to fund a Roth if your income limits are too hig...

Greetings. I have been searching the forums and still have questions regarding my situation. 1) I own two one bedroom apartments in Minn that are in *my name with my wife* that we are in the process of selling to do a...

I am in the process of doing my first double close on a property. The A seller owns the house outright and it has been sitting vacant for 12 years. When I pulled up tax assessment online it said taxes was past due fo...

Hello all!I am new to real estate and would love to learn more. I have read the bigger pockets book by brandon turner and have done alot of online forum reading mainly reddit. I am currently in the Connecticut market ...

Found the example below on a website. This is the way I understand my first year tax liability when selling via installment sale. But after way too much time searching online, I get conflicting advise. I modeled a pro...

Hi Everyone, I'm looking for some insight on how to reduce my taxable income. I already have a Roth IRA (Vanguard), but just recently heard about the backdoor IRA on the money podcast and was wondering if I would have...

Hello BP,I am having trouble deciding including utilities as a flat fee in the rent. I know utilities fluctuate based on usage, the season and the market (I'm in Connecticut) but since I'm house hacking, and only one ...

Hello BP Family! my name is Veronica I have been a realtor for over 10 years mostly involved in residential sales, leasing, property management and REO'S in the Antelope Valley (Lancaster, Palmdale area)  I have alway...

Hi all  I have to renew a lease with a tenant for a commercial space in a small building in NJ soon.  I was wondering if others are charging "additional rent" ie having the tenant pay a portion of taxes and insurance ...