I heard this is a great website were people love to help, and i would love to start helping as soon as I can! To be able to do this I need to get a few things straight.                                   If the tax for...

Hi Community Newbie to the community looking to get started in rental properties.  I've heard of people using rental properties to lower their taxable income but I'm not clear how this is possible.  From what I'm gath...

Hi BP community,I recently started running for dollars (using my morning jog to check out properties of my liking). It feels great knowing I'm working towards my financial goals and health goal. I want to wholesale di...

Long story short I sold a rental I had and walked away with approx. 90k. For a variety of reasons I wasn't able to do a 1031 exchange. Was wondering if anyone had any advice to offset the capital gains tax I'm on the ...

Looking to make my first step towards becoming an investor and wanted to know what are some things I could/should do to take advantage of my situation.Currently, I own a single family home (which I plan on staying in)...

Hello All:I am trying to purchase a 4-plex using seller financing and the Seller's accountant is telling the Seller that they need to receive enough of a down payment to cover the depreciation recapture which is taxab...

As many people do in their younger years, we accumulated a fairly large amount of consumer debt; around $55,000 worth. However we began to make better financial decisions and in the process of such built a home that h...

I loved my old tax advisor whom retired and I haven't find the right replacement.  Would love recommendations for a tax advisor/CPA in Texas (local to Houston-Galveston area is a plus but not required).  Looking for s...

I stumbled across what I believe to be a genius way of shielding active real estate income.
One can tie up a property for, let's say $1K. This $1K would come out of a Roth self directed IRA. Deal is assigned and Assi...

Please someone verify if I have this right. I may sell my rental property this year or next. But of course taxes are a big part of that decision. Just retired, actually just got laid off, but planned to...