I am 50% owner of an LLC.  We have purchased a pair of single family homes and spent money renovating them but have yet to generate any income (or profit).  Thoughts on how to best handle taxes?  Want to carry forward...

Hello!I’ve been making some quick calculations, but was wondering why is BRRRR set-up so that renting is before refinancing?Example:- House = $100,000- Downpayment = $20,000- Loan #1 = $80,000- Rehab = $20,000- Rent =...

Hoping for some tax guidance on cost basis determination. Many thanks in advance.My wife was listed on her's Mom's house deed as joint tenet with right of survivor-ship. Her Mom passed away in Nov '17 and the house wa...

I have a question? I understand the 50% rule for the most part but am unclear about what expenses it includes. If you purchase a property and rehab it completely is it safe to assume your expenses will be slightly l...

So I’ve been looking at house prices across Southwestern Ontario over the last month, and I’m trying to figure out some of the numbers. BP would suggest for a rental, to use the 1% rule. With house prices the way they...

OK, I have done a bunch of reading and still finds some of the new rules confusing.  So I have a few specific questions on these new safe harbor rules.There are some very helpful existing blogs and threads covering th...

Hello everyone,
I reached out to 4-5 lenders regarding DSCR loans and found it difficult to make a deal work, even in areas meeting 1% rule. 
Here’s a recent scenario: 
Purchase price: 244k duplex, good condition
...

I'm in the process of joining the business with my family. I'm new to all this real estate investing and management, but I figure it's pretty common sense and takes some creativity. Anyhoo, 2 major things that stand o...

If a property is being sold by a realtor, could an investor still purchase the property for.. let's say a discounted price? Even if not, I think that this property could be worth it. I'm told it's now a duplex two bed...

Hello BP folks,Here is a real scenario for one of my properties with regard to how to use the Safe Harbor for Small Taxpayers, Routine Maintenance, and/or De Minimis options.Property LCT has an original basis (just th...