i purchased 2 fourplexes and incurred a ton of losses but project income in future. i was thinking about defaulting on 401k loan due to having enough losses to offset

Are there any capital gains taxes (or any taxes) for selling a property at the same price at which it was originally purchased? My common sense says no, but I could be wrong. Any insight is greatly appreciated.

I have a tenant who decided to purchase a house 4 months into his 12 month lease.  I listed the property the day he told me he was planning on purchasing a house at the same rent he was paying.  He moved out 2 months ...

I will ask my CPA all about this, of course!!, but I was just wondering if anyone here had some experience with the following... Let's say I sell my short term rental, I am unable to move the money via 1031 for whatev...

Hello,

I am in a similar situation as most Americans where my house is worth less then what I paid for it. I decided to make a leap of faith and purchase a new home which means I have to rent out my current home. It ...

Im analyzing a property and the rents are around 200-350 under current rent value.. Do I raise the price as soon as I get the property or try to get the tenants to move so I can rehab the property a little and try to ...

Greetings BP,Maybe I'm imagining something that was never there, but didn't BP have a link to a company on their perks page that offered quick title curing at a lower price than the going rate?I'm looking into picking...

Hello everyone,I asked in another forum how I could take over a mortgage loan (37K ) (home value 100-120k) for a disabled family member was told the best course of action is "to find a local lender familiar with the n...

There is one area I need additional ideas. I am focusing my MH business on "being the bank" and buying good, used mobile homes in nice MHP's
and selling them with owner financing. This has worked well and I have 3...

Question:

Since I don’t want to put a bunch of money into a nice farmhouse like my wife wants because it will be a liability that We won’t have the time to maintain, can I do this:

Start an LLC specifically to put a...