Hello I’m kind of new here and already have a question. I have a partner who was a very good friend. We form an S Corp back in 1995 and started investigating in a few residential rental properties. Long story short we...

If I sell a house that was a rental for 2 years, can I use the profits to purchase a personal residence (without a capital gains tax)?

Rental House: sell for $200k (gain = $50k)
Sell through a 1031 exchange?
Purchase...

Hey All,I have an interesting deal underway over in PA. The deal is for 1 duplex & 1 triplex next door to each other with the properties currently fully occupied. I have locked in a sale price with the owner to pu...

A novice question here, figured I can ask the Bigger pockets community for some quick help. I'm beginning the process of building my first spec home. How does the tax side of the sale go when I resell? I know it being...

I sold a property Sub 2 in 2013 on a 5-year balloon. No escrow.  Buyer sold the contract to someone else. Balloon was due in 2018.  He has not performed, has not paid taxes or insurance so my balance went way up with ...

Quick take on new tax bill-if possible defer income to 2018. Pay deductions in 2017. My first move!Lower tax brackets in 2018- less deductions available in 2018 compared to 2017. Example: Florida allows you to pay pro...

There’s a term in business and investing known as a, “sunk cost.” When entering into a real estate acquisition, an example of a sunk cost could be money spent on inspections or on other due diligence, time spent in an...

I need some guidance as to how to find special financing. We are new to this realm and I have been able to find many lenders but none willing to loan on a property with permit flags in CA. Loan will also need to cover...

If you're investing for appreciation, when will you sell? For clarity, I'm not talking about forced appreciation or buying at a discount and having instant equity. I'm talking about appreciation that occurs as the m...

I recently did a hard money loan where I combined multiple self directed IRA accounts and money from my company as well. Basically my self directed Roth, my wife's IRA, and the balance was from my LLC. My administrato...