I’m finally selling our first rental property. It was originally our family home but we had to rent it out for 10 years until we had enough equity to make it worth selling. I’m finally selling our first rental propert...

I bought a commercial property some six months ago in a 1031 exchange. Now, there is a good demand for the commercial property and I might be able to sell it for a pretty premium. The idea is to sell it and move the m...

Hello fellow househackers!
Two questions for the group in celebration of tax holiday cheer.
1. Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?
2. Which portion of the tax code do they ref...

I've found a great partner to work with in some real estate and we are trying to finalize our Operating Agreement.While we both expect to be able to amicably part ways in the future, we both understand the importance ...

Hi BP Members!
I’m finally starting my real estate business idea and am looking for a tax person to give advice / work with.
My girlfriend and I focus on buying fixer-upper properties in Ohio to rehab them to hold l...

Asking for a friend.
Rental property bought as husband-wife. Title: held together as a married couple. Now going through a divorce, wife wishes to do 1031 on her share (50-50). Since IRS rule is that tax id of proper...

I just bid and won a New Jersey Tax Lien for a 1.5 acre piece of land next to an owner primary home parcel. The county site has an assessed value of the land over $100,000. The owner’s parcel next door is assessed at ...

Later this year in 2018 Freddie mac has finally announced some guidelines to use when determining short term rental income.The guidelines will require there to be two year  history via the tax returns which isnt too s...

Hi all!   I hope you all had a good thanksgiving, Finally about to pull the trigger on a 6 bed multi-family in Rochester.   I am blessed to have professionals on the ground.My question is to find out if $400 cashflow ...

I have a quick question about the rental calculator on the tool section of the website.  Was just wondering how come capt ex, repairs, and taxes are not included in the final analysis.  Is there a reason for that?  Do...