I've read some marvelous advice here about a variety of topics, so I'm going to ask this question that is puzzling me about the tax deductibility of my rental expenses.I've been told that I can't deduct expenses due t...

My tenant is a "single mother" with small kids. She has only been there for three months. Her kids father is seen at the apartment often, but she assured me that he doesn't live there and only comes over to help with ...

I'm trying to make sense of what I'm reading about deducting meals. It looks like I have to be on a business trip in order to take the deduction. Is that right? Here's my scenario:

I'm getting ready to take posses...

Hey everyone, I'm getting very close to my goal of purchasing (or at least looking for deals with the intent to purchase!) my first rehab property. I decided to meet with a local attorney that I met at a local REI...

I was wondering if I wanted to purchase a Foreclosed Home.. What is the best loan to pursue for Purchasing and Rehabbing? Also how much should you over estimate on every project for unforseen issues that may accrue?

Hey guys,My name is Jack Farrell and I am new to the BP community. It's incredible to see how engaged and helpful this community is!Question for y'all:When considering a property to purchase what are the documents/fin...

1031 exchange as thinking to sell my duplex in Atlanta. What are the steps i have to follow to do 1031 exchange. How many days i have to find new property. Any firm or person can help me in this process. Please advise...

Hi i am getting ready to sign a contract from seller, but i have a question. If someone can help answer this for me. What does Optionor grants this option for the consideration of one thousand dollar and other waluabl...

Hi all,I'm considering a fourplex in a secondary market, and while researching the property on the county website, I found an assignment of leases and rents to the bank. I'll go into more detail below, but I'm trying ...

Hello fellow BP'rs!I have been trying to find concrete info on laws...but it seems to be a grey area?  I acquired a new unit and I'm now looking at a 1031 exchange of a portfolio (5 units, commercial financing) into s...