Hey all, I am not looking for legal advice, but just general information. I own a condo in San Diego with about 300k of equity in it. I bought this as a primary residence years and years ago, before I met my now wife....

So, here's a question I have been trying to find an answer to for a few weeks now:I know a gentleman that wants to sell his residential investment property and use a 1031 exchange to purchase a commercial property wit...

I currently own a rental property in Houston, TX with my ex-husband. The property is held in our trust but I am the only one on the loan.  The trust will no longer be valid as I am remarrying.  We would like to sell i...

Piggybacking this great post:https://www.biggerpockets.com/blogs/5070/37244-103...Question #2: Can my spouse and I sell a property that we own personally and buy a replacement property in a LLC that is owned by both o...

Before the new tax law, the interest on up to $1 million on a mortgage secured by a primary residence could be deducted on scheduled A. Likewise, the interest on HELOC up to $100k could be deducted in the same way. I...

Hey all, My husband and I are going to sell two of our rental units this year and we are thinking about doing our 1031 exchange for the first time. Based on what I learned about 1031, our replacement property should h...

Hi guys, was wondering if there are any issues switching over a primary residence to a rental. I currently own a place and am looking to switch it over to rental, and buy a new primary. Does this void the mortgage?...

I have a LLC with my wife and I listed as members under the Articles of Organization. Does the IRS consider this LLC as a sole Proprietorship? Also, since it's a pass through entity, I don't need to file a separate re...

I inherited my Mom's home and the deed was passed to me one year ago this month. The home needs a lot, and I have been considering selling.

From what I am reading, I would have to wait until next June of 2015...

Here's the scenario:1) I bought a house 17 years ago in Tx for 45K.  Paid off the note.  Just sold for 90K. 45k capital gains.2) My wife owes 45k on a house she bought years ago with her ex. He quitclaimed the house t...