**Forgive me if some of the terminology is incorrect below, I will certainly consult an attorney and CPA, but figured to ask BP ahead of time.**I have a duplex in Washington state which I currently am in the process o...

Hey guys, I've been a full time real estate agent for several years now and up until this year that has always been my primary income. However this year I focused more time flipping properties than selling real estate...

Hi BP,My uncle wants to sell my grandparents' home in San Jose, CA. Is there a way I can purchase it from him and avoid the 40% capital gains tax? Someone mentioned possibly using a private loan to pay him and he "gif...

Hey BP community...I am talking to a guy about selling one of my properties to him and I had a question about tax implications as I am being told if I do it this way I am avoiding some taxes...
Here is what we are ta...

For multifamily and comercial rentals,1. Is it better to pay income tax or not? If so, why?2. Is there any way to avoid paying rental income tax legally? If so, how?

Hi all,I'm in an interesting situation. Long story short, a 94-year-old woman has expressed interest in selling me her $2M duplex (in a very nice area of Los Angeles, hence the $2M price tag). I haven't dug into her m...

HiI bought two properties this year and sold them for a profit. It is my understanding the profit from those flips will be treated as active income and subject to self employment tax. However I didn't even lift a fing...

Hello - I will send a rental property this year. LT gain expected of about $200k. My wife and I are above $150k AGI. 
Can one please explain to me how to avoid underpayment penalty? I am confused with “quarterly esti...

Hi Everyone,
Wanted to know the best way to do this real estate transfer/deal.
My wife's parents own a rental property free and clear in an LLC. Property was purchased for 130k. Value is currently 230-250k.
They bo...

I have a house that I have a mortgage on and it is listed in my name and I’m looking to find out information about how I can achieve better tax benefits for things like avoiding income tax for collecting rent and how ...