Hi all,I purchased my first property a little over a year ago. I've been living in it, and plan to purchase my next property soon to continue with house hacking. Once I find my next place, I'd like to put my current p...
Hello All!
Background: My name is Jordan, and I graduated last year with a bachelors in finance. I am currently employed in the financial services sector (no certifications). I finished my real estate course, and jus...
Is it legal, per the IRS, to rent my primary home back to myself? I have some upcoming repairs needed that outweigh the Homestead Exemption and plan to make my primary home a long term rental in the next 7 years but t...
My partner and I bought an apartment complex in Ohio as TIC. We each have our OH LLC that took title as 50/50 TIC.Now we are trying to figure out how to properly structure banking and money flow. We are 50/50 TIC, b...
BP community, I could use your guidance. We are selling one of our 2 rentals to free up cash to reinvest. We thought about a refi but decided to price it high as the market seems to be peaking and to test the water. W...
I’ll keep it short, I am 22 as of now own 4 doors, my grandfather has several small apartment buildings he is selling off and I am buying one of his 18 unit buildings and it will be done under seller financing terms. ...
I own 8 properties. I intended to buy one more. After the inspection, I decided not to go through with the purchase. As it was a multi unit building, the inspection was $2150. Can I deduct this loss against the gains...
Hello folks, I am a newbie so bare with me. I have a question about opening an LLC and the tax implications. I have a full time job and I wish to purchase rental property to buy and hold. Current tax rates for LLCs I ...
If I buy a property at tax sale and go in to start clearing house out what can previous owner do about me removing their personal property? Previous owner says she still lives there!!
I've been hearing a lot lately about these new opportunity zones (from the most recent tax bill). Anybody want to help me wrap my head around it a little better?