I purchased a house with a detached garage. I remodeled the garage and now live in it. I rent out the house. My mortgage is $537 and I charge $650 to rent the house.Doing the math, I'm only keeping $113. If my investm...

I got $30,000 in Roth IRS. It’s made 23,000 in 10 years. I think I should pull it out and invest in something else. Just need someone to tell me I’m doing the right thing 

Basic tax question if anyone can help for a 2 family in NJ, Jersey City.Tax is around 20%, and rental income is considered capital gains?Lets take example 50k rental income for 12 months,property 7k taxes per year,let...

Advantages of financing vs sdira purchase. I have two identical 4 flats next to each other. One in excellent shape... I was thinking of making a cash purchase through a SDIRA. The second needs a little work, was think...

I have an opportunity on a house (first REI opportunity for me) and have been advised by some folks to just "go get it under contract, then take it to the BP Marketplace."Clearly risk there.What are the ramifications/...

Good evening BP,As most of you may be aware, the year is quickly coming to an end. Under two months remaining by my last count!So here is what I am trying to figure out.  Should I worry about establishing an LLC now, ...

I have a situation where the tenant signed the lease and paid the advance. They contacted me today and said that they don't want to move in and want their full deposit back. They signed the lease on Aug 1 and are supp...

Hello fellow BP'ers! Hoping you can lend insight and feedback on the following scenario: Seller lists home = 5/26. Seller drops price 3.6% = 6/15 (21 DOM).  Buyer makes full price offer at reduced listing price = 7/6....

I'm taking over management of a 6 unit apartment building and I'm concerned about late fees.  A couple tenants habitually pay late.  The previous manager did not collect late fees ever even though penalties are spelle...

I seem to remember 1031 rules requiring that the properties be "like kind" and that the new property be of more value, correct?

I ask because I'd like to buy an airplane hangar to rent out and sell a single family r...