I am looking into buying a retail business that my friend will run and manage. I will do virtually nothing in the business but maybe some paperwork like tax prep. I want to run it as an S Corp and am wondering if the...

Hello BP family! I wanted to post a screenshot of the real estate time log we have made available for clients. We try to keep it simple, and provide examples in the guide for people that are not sure what counts and w...

I purchased a primary residence property with another co-owner in NYC in 2016. The mortgage loan is 100% under my name. 2 years ago, I moved & converted the property to an investment property, and purchased anothe...

I owe 2 rental properties, (5 doors), in California. The 1st property is a single family home which is about 5 miles away from where I live. The 2nd property is a 4plex which is about 140 miles away from where I live...

Hey guys,

I'm looking to buy a single family home in fairfield county in connecticut. It's about 50 minutes drive (assuming no traffic) to NYC so property ...

I've had my rental listed for about 2 months now, and haven't had anyone fill out an application until this week. I should mention this is the second turnover I've ever had and I've only been a landlord for about 2 ye...

How do you determine the the tax rate for depreciation recapture? When you recapture the depreciation when you sell a property, is the recapture tax rate based on your ordinary tax rate at that given time? For example...

Hello all,
I am a chef that bought a live and flip to get my foot in the door with real estate.  I bought a foreclosure and fixed it up my self and added a bed room and bathroom on to the house.  The restaurant I was...

We bought our primary residence in 2018, lived there till Mid Dec 2020 and then converted that to Airbnb. We moved to a new state in mid Dec 2020 and bought our primary house there which we sold in January of this yea...

Hi BP community, I wanted to see if it's possible for me to qualify as a RE professional or what other strategies are available. I know that to qualify as an RE professional for tax purposes, I must:- spend 750+ hours...