Hi All!  I am wrapping up tax prep on my extension for 2018.  I am thinking creative thoughts about how to handle the real estate flip project that we began in 2018 and completed in 2019.  Let me know how you all thin...

I'm trying to initiate a 1031 with a qualified intermediary, and have been quoted up to $3k for fees. Previously we were involved with one in a different state and they were only about $1k, but this was a few years ag...

Hello,I have a fairly high AGI and am wondering if there is an income cap for taking the mortgage interest deduction and depreciation on any rental properties I may buy in the future.  I hunted around, and I don't bel...

I'm just starting out in wholesailing in Kansas City. Right now I'm building a buyers database. I'm curious though. I work odd hours a lot of times. Is it possible to do deals and not go to the closing? I ask because ...

Ok so I bought a house cash, fixed it up and sold it with owner finance. Now the new owner is asking for monthly receipts of mortgage payment.

Is there an obligation for providing this? Should I be sending quarterly...

We've got several properties now and will have a lot more by the end of the year. Does the IRS care about individual property reporting or can you just combine when filing taxes? Accounting and tax filing is time co...

Hello All,My husband and I go back and forth about selling our previous primary residence depending on the market come July 2021. We lived in it for two years and once the current tenants lease is up in June 2021 we m...

Hey all,

I'm preparing to purchase my first 3/4-plex and have read a few books so I have a good grip on the fundamentals, but not much "street knowledge". One of the keys that all the books push is confirming mainten...

Hey, I'm new to the investing world and just requested the 1040 Schedule E from the seller. As I was reading through it, all the numbers looked good to cash flow with, until I came to depreciation expense, which was $...

We converted our primary residence into a rental when we were stationed overseas five years ago. During those five years, we claimed depreciation (based on a 27.5 year depreciation schedule), mortgage interest, and o...