Wondering if any CPAs out here can chime in.I'm in the midst of selling a few of my SF houses to my tenants on a land contract.For the past couple years I have been taking depreciation while they were rented.After the...

Looking for advice - Does it make sense to do a cost segregation study on a property (and claim accelerated bonus depreciation) I bought this year considering the following?  why/why not?
(I understand that I need t...

Hello BP. I found this deal that seems promising and I wanted to run it by someone to see if I am missing anything. Note: The numbers listed are provided by the seller and haven't been verified yet. Some numbers are e...

Hi I am trying to learn more about tax increment financing.1) What is it2) Who can apply for it3) What types of properties can benefit from the strategy4) Does  it replace financing through a bankPlease share your exp...

Hello biggerpockets! I am looking into buying my first rental property in Athens, Ohio for a college rental. Ideally, it would be a multi-family home within walking distance to campus. I graduated from graduate school...

Hello all,To take some cash out of my proceeds at closing would be very helpful in paying off some debts. This is a 1031 Exchange.Is it possible to take $10k and pay the tax due on that amount?

hi guys, do I pay states on house flips????

I'm about to make over 500k on the sale of my home.  It's been owner occupied for the past 2 years and my income in '18 and 19 has been very low.  Under 20k.With that low income, can i still be charged capital gains?I...

Ladies and Gents,

Here's the details. I'd like your opinions/suggestions.

List price $440,000

16- 1 br units; one building; upper and lower units
1 vacant
On site leased laundry (2 machines)
Landlord pays water ...