Just had a random question pop up into my head.
Given that the IRS requires depreciation to be taken each year, what if a person's only income is rental income, and the AGI, is below the standard deduction amount. Ca...

Alright experts need some advice. I have an off market deal I am buying from a seller, roughly $1.8mm, we had many conversations, toured the property, etc. The owner is wanting to fully retire and move out of state an...

I'm selling a property (land) and would like to defer taxes. I've been doing some research on 1031 and do not know if I even would qualify. One thing I have read is that the title must mirror one another (sale and new...

Hi All, Is there such a thing as doing a 1031 exchange or a small business. For example if I sold my business then used the proceeds to acquire another one or several? 

Hi All, I recently rented out a room in my house for 3 months.  What all can I write off?Also, he ended up not mowing the lawn (which he was supposed to), and the city came out and did it.  I did have my friend mow th...

I own with a partner a one bedroom condo in Ft Myers Fl. The condo is fully paid for and is cash flowing nicely My partners is wanting to sell her half to me for $60K, the 1/1's selling @ $130k so this is a fair prop...

The seller is doing a 1031 on a property I'm buying. Can he do seller financing on a part of the purchase and still do the 1031 with the cash received? Is the note balance considered boot?

Hi. I am hoping somebody can give me a little bit advise. When our permanent residence was build we made sure part of it was set it up to be finished as a mother in law/ duplex. That part of the house is getting close...

I've lurked around here quite often for good while now. It's time for an actual post.A partner and I own a fourplex together 50/50 and I'm thinking that I'd like to cash out and go on my own now that I would have the ...

I'm currently working on getting a triplex deal across the finish line. Seller wants to do owner finance, and has given me discretion on terms. All I need to do is have a final number that totals $550k (a high price f...