Didn't know if any of you could help me out with this scenario / example:Person A purchases a home in year "X" and this person sells the house for a profit (say 25k) after owning it for 11 months (<1 year = capital...

Hi everyone,My wife and I are purchasing our first self storage facility and are partnering with our friend and his wife. My wife and I currently have an LLC, but no purchases with it yet. What would be the best way t...

PHONE RINGS...My wife who does our real estate brokerage accounting and investment business bookkeeping just called me to say we owe $47K in taxes...{heart stops}.BUT I didn't blink an eye because I understand the tru...

Hello,Say I sold a home and I paid capital gain taxes because I lived in there home more than 1 year. Where my capital gain was $50,000 my capitals gains tax bracket was 10% which leaves with $45000 profit. Do I have ...

Hi friends,I am looking for your advice regarding existing/upcoming areas in San Diego for STR investment.  It would be great if you may also share any known restrictions for STRs in San Diego area.ThanksVasu

I have 4 rental properties, All managed by 2 different Companies, One property is paid for, other three I have mortgage. My three mortages (3 different mortage companies)  will not allow LLC or S- Corp, Question 1) ...

Hello All,I recently closed on a foreclosure in the panhandle of FL. My intent is to form an LLC and rent out 3 rooms while I live in the 4th. These rentals will be short term 2-6 weeks and I need to figure out how to...

Hello BPers,Thanks to the advice and inspiration from these forums I am now at the point where I would like to partner on some deals.  Because these deals are relatively small, I assume they will be recourse loans. If...

I have asked several different tax providers, and gotten different answers to my questions each time. I need a tiebreaker! Here's the situation: My husband and I created an LLC in Indiana purely for real estate invest...

Based on the proposed Tax Reform with the substantial increase of the Standard deduction would it make more sense to refinance my investment properties as a cash out and payoff the mortgage on my primary residence. It...