My grandmother recently received my grandfather's half interest in a 4- flat as the surviving spouse. One of the apartments had been used as their principal residence and continues to be used by my grandmother. The re...

I have a rental home that I now wish to sell.  I renovated it after my tenants vacated and it is now totally updated.  Unfortunately, it is priced a bit higher than the rest of the neighborhood and it has not sold yet...

I recently discovered a great opportunity to purchase a mobile home park with property, but I would need to 1031 exchange a single family home in order to purchase. I believe the exchange is possible, but eventually I...

My father wants to sell me his property for $1. It's a paid off 3 unit that I would like to 1031 exchange for something much larger and I'd like to pay him back.  He wants to avoid taxation of selling it and he wants ...

I am hoping that a CPA might respond to this post. I'm going to sell a rental house via owner financing and I'm playing around with various loan amortization schedules to settle upon loan terms where I wouldn't pay an...

I was recently contacted about a property this gentleman hasn't paid his taxes on, went to tax sale a few years ago. Contacted the county to see how much is owed because he had no idea. They send me the redemption aff...

I'm going to sell my primary residence to buy another. I'm also going to sell my appreciated rental to my son with a 1031. I see a house where I could do a hack - living upstairs and using the downstairs for a LT or S...

Hey all, I am asking for advice for a friend. (I swear it's not me and am honestly asking for a friend lol) This guy sold some land a few years back for close to $3 million, and just this week got a letter from the IR...

After buying a property in 2015 i subdivided the lot.  I've kept the original original house and lot as a long term rental. In July 2019 I started new construction of a single family home on the subdivided lot. Constr...

Hey BP! I am practicing on the rental calculator but I am a little confused about finding the comp. properties. So I read through the article and it mentioned how comp. properties should have been sold 3-6 months ago ...