I have noticed lots of properties, where the owners were running Airbnb or Vacation Rentals, are for sale. When I dig deeper, I noticed that almost majority of these properties had one thing in common. They are all sl...
Here is the potential deal…The homeowner lives in Butler, Pa on a farm but owns 5 acres in O’Hara Township, Pa with 2 properties on the premises. One is a 2/1 and the other is 1/1 with a combined sq ft of 1,349.The 2...
I'm interested in purchasing a residential rental property with my LLC. This will be the first property the business owns. I have excess earnings after expenses and my accountant advised to spend this cash on a proper...
Hello everyone,I am 59 years old and I am selling an out-of-state (NV) residential income property that was originally my primary residence and I am wondering about what I can do to lessen the tax hit.I originally pur...
I have a wife, two kids and no home. I’m a Canadian who plays semi pro hockey In the US from October to April-ish. When we are in Canada, we stay at my parents Cottage, rent free, as I work a normal job. When the end ...
A friend mentioned that her father passed away and had left her 3 brothers a property that she grew up on. The 3 brothers are not responsible at all and are letting the property go. They are not paying taxes on it ...
Hi all - I have a question on depreciation recapture as it relates to syndications and calculating after-tax returns as an LP (I am mainly thinking about multi-family here). As I understand it, an LP will have to pay...
Hi BPers!My brother and I recently purchased a rental property in Albany, NY. Talking to our Lawyer over there, he says it will cost around $1,400-$1,700 to set up an LLC for the property there, which is fine; but I a...
I'm new to real estate. I have an investor ready, but I don't know where to find the best properties. I've looked on Zillow and Truila, but where are the best deals found?
Hi, my wife and are are listing our duplex that we have owned and been house hacking for over two years. Does the capital gains tax exemption include the entire property or just for the 50% that we have lived in? It s...