How do taxes work if I sell a rental property for a gain within a year of purchasing it? Am I able to deduct all of my expenses from operating the rental against the gain from the sale?

My husband and I own two single family rental properties, one in Alaska, one in Las Vegas.  We have a separate LLC set up for each of them and a separate business checking account to collect rents, security deposits a...

Hello, I'd like to pose a hypothetical situation. I'm curious on how members of this community would handle it.Let's use a typical BRRRR example, buy for $50k, $25k rehab, with the hopes of a $100k ARV and $1k rent. I...

Hi all,Just wondering how other investors see this information -- I am trying to purchase a property and have built in a 10% PM cost (of rent) per month. I would do this for any property.I am planning on managing this...

would appreciate any information 

Hello,
Looking for the best way to layout bank accounts for a property. 
1- account for security deposit 
2- account for mortgage to come out of, that tenant pays into monthly via Zelle
3- account for property exp...

Recent purchaser of a duplex I will be owner occupying. I plan on doing a lot of renovations as well. Should I set up a separate bank account for rent collection and renovation expenses? Is this typical? Thanks!!!

Hi everyone, I am running some numbers on a nice 12 unit building in my area. The current owner hires a property manager and pays 5% of gross rents plus rent finder's fee and a few other variable fees. The seller keep...

Email I received:"Deal fell through do to financing and we are looking for a quick close.3 beds 1.5 baths each side with a living room and den or potential 4th bedroom downstairs.Both have a single car garage and an a...

Hey BP family ! Any CPA’s out there lol  .  I am a new investor and I have been taught the formula goes like this Income-expenses = cashflow but, my question is do you pay taxes on that “cashflow” ? If so, how much sh...