I have owned a 30-year old condo for about five years that I have rented out the entire time I have owned it.  The roof is original, has been patched but still not fixed.  The condo is doing a special assessment of ab...

Hi all!this is my first time posting so if I goof on etiquete or post something in the wrong place let me know! Thanks. I own a 8 unit apartment building with my sister as tenants in common. I would like to buy her ou...

As most of you know, as part of the IRA, the IRS was allocated significant funds to hire new employees. With that comes an increased audit risk. One of the things that IRS auditors look for when auditing a cost segreg...

I'm curious to hear how these are set up in newer developments where city water and sewer are too far away. Sewers to me are a foreign concept as I've been fortunate to always be on city water and sewer. What would a ...

How many of you have read a good portion of the health care bill?

I must admit, I coudn't sit and crack out 1000 or so pages of legal jargon at one sitting but, I did find a site with some bullet points, then I loc...

TLDR: Lesson Learned: If you are buying a property to house hack and the unit you intend to move into is occupied with tenants and collecting rent after closing, then for tax purposes, it will be considered a short te...

Hello:

To this point, I've always bought investment property as an individual. I'm about to form a partnership to buy property with someone, and I'm not sure how the 1031 rules might apply here.

1. Can I take invest...

I am trying to figure out the best way to set up a limited partnership. I have a family member that wants to invest with me in a few houses. He would be using money collected in a 1031 exchange. I want to know how ...

I’m getting ready to sell a home I am flipping. In my Seller’s Disclosure do I include items that the previous homeowner’s seller disclosure contained? For example, the previous homeowner’s seller disclosure checked y...

Hello,I was wondering if one can sell a SFH and move that money to a Multifamily Syndication as a passive Investor under 1031 exchange? Chai