Hi,I finally sold a piece of vacant land this January. I have $110K in capital gain, and I tried to use 1031 to buy other lands. I still have $70K capital gain left after the 6 month 1031 replacement period expired. N...

This is a revision of my popular post from 3 years ago. See, the older I get (don't ask), the more annoyed I get with the endless "I WILL SHOW YOU HOW TO CUT YOUR TAXES in DECEMBER" emails, posts, webinars, podcasts, ...

I recently bought a new property and started renovation with a contractor. I plan on selling it and using the funds to buy another property to renovate. I was wondering if anyone has started an LLC to flip houses and ...

Did you know that you can increase your cash flow simply by utilizing accelerated depreciation of your real estate property? By accelerating your depreciation schedules, you reduce your taxable income which in turn in...

I have a question about the best way to hire my son to maximize tax savings.
I am retired and have an S Corp from back when I used to be a travel agent. Now my only income is from rental properties (not under the S C...

Investment Info:

Large multi-family (5+ units) commercial investment investment in Fort Smith.

Purchase price: $4,775,000

Phoenix Village & Greystone Apartments is a 1970-90s built-asset that is stra...

I'm 20 years old with no debt. I own my car, have an associate's degree, and rent. I have my emergency fund, I've maxed out my Roth IRA for this year. I'm just not sure what to do now. How do I grow my wealth? Should ...

The CARES Act was effective in 2020, however a lot of the tax laws and rules that were passed are still able to be utilized for your 2021 taxes. Here are some of the key changes that occurred as a result of the CARES ...

A thought occurred to me. What if when buying as part of the negotiation you offer to pay the seller's closing costs especially real estate commissions for an equivalent reduction in price?It would not affect how much...