Im looking into selling my duplex and using the 1031 Exchange to purchase a property that brings in greater cash flow. DetailsMortgage - $350,000Appraisal - $550,000With this information I could roll the $200,000 "pro...

Hello BP.I would like to know how do you set up your bank account for rental, specifically for efficiency.Here is how mine is set up, and any feed back or tip is welcome:Three accounts1. Trust account for security dep...

Hello,Some clients have been interested in investing in a syndication deal using their self directed IRA funds. When discussing it, the following came up that I’m very curious about. If I’m a general partner/sponsor o...

Hello BP,I am doing my due diligence and researching to buy a duplex and house hack.Specifically, it would be a Single Family Home with a detached Granny Flat, purchased with an FHA Loan.My plan is to live in one of t...

Hi 
My question is it possible to 1031 exchange my home that has a downstairs rental and receive the tax benefits? And, also can I claim the $250k exclusion since I live there as well?  Would like to sell my home, bu...

Hey everyone,
I've found a property, settled on price and received a quote for a loan: 3.5% 30yr. But I had some questions revolving around strategy and how to allocate money.
I can currently save $1K/month from my ...

If i have 10 properties and use the same phone for each of them, do i have to take that phone cost and divide it by 10 and put it on each schedule E?  Or could i deduct it 100% against one property?

Retirement plan question here: This question is not real estate related. It's related to retirement plans through your employer (if you're working full time). I just graduated college in May and started working full t...

I bought a 3/1 SFH for $22k put $6900 in rehab but the county has the land valued at $32,400. So I can’t take depreciation? I understand that it is the purchase price minus land value divided by 27.5 gives me what I c...

We're selling a duplex we own and plan on buying a house that also operates as a business. (We will be living in the house and running the business) Never done a 1031 before. Where do I start? My lawyer? A bank? Any h...