I'm currently under contract on a smaller, 5-unit commercial office/retail property. 4 of the 5 leases expire in April/May of this year, and one of the contingencies of the sale closing is that 3 of those 4 soon-expir...

Hello,I am located in Chicago, IL looking to sell my 2-flat after owning for a 1.5 years. What type of tax I will have to pay on the property? I owned-occupied one unit and rented the other

We are considering converting our residence we have owned over 20 years to a rental. Would that forever eliminate the opportunity to take the capital gains exclusion if we sell in the future? Does the number of years ...

During tenant move-out inspection, I noticed wall art stickers and crayon marks on several walls, doors and cabinets. Couple of blinds were broken. Also tenants left several items behind and did not arrange to clean u...

I have a property I am thinking about owner financing to buy. I am not sure how it works. I offered 10000 down payment with 300 a month payment and a balloon payment at the end of two years with4 percent interest rat...

In order for rental property to be counted towards regular income you must have the property rented out for 2 years.

My question is does the 2 year rule apply to each property separately? Or once you have ha...

Hello everyone, my name is Brandon Mendez and I currently reside in Tallahassee, FL.  I started listening to BiggerPockets podcasts in April and I was hooked on them immediately.I am a CPA and doctoral student studyin...

My husband and I are renting out first place (yay!). We have a few people lined up to see the place. But one of the best potential tenants on paper asked if we would do a 2 year lease for a slightly reduced rent. they...

I found a property where construction has started and then stopped about two years ago. It’s in a gated community, but I’m having a tough time finding the owners. They owe two years back taxes. I’ve found what I thoug...

I have a couple questions related to the tax benefit of selling a home you've lived in for 2 of the last 5 years.1. If there are two names on the title of the house, do both of the owners need to live in the house to ...