Hello all.

I have researched but can't seem to find an answer to this question.

We've been renting our former residence for 2.5 years. If we sell it in the next six months, we'll qualify for the capita...

Hi there, as a newbie investor (we have acquired 3 SFH properties so far since September of this year) a thought came to our minds about putting up our business in an LLC. Do we really need to do that? Thank you all i...

I work in finance and do my own taxes as its normally pretty straight forward. I did however just refinance an investment property to take advantage of the lower rates. I understand underwriting fees, title fees, reco...

Hello BP, I have an investment property at about ~55% Equity position (value ~$165k, 89k loan balance) that I want to either cash out refinance or take out a HELOC. My goal is to pay off a small loan used to buy this ...

Hi,I just purchased a single family property at the end of last year.  I did not have a tenant until Jan 15th.  Is there anything like the closing costs, the 20% deposit, inspection fees etc. that I can write off or t...

So what are yall's thoughts on this scenario:Imagine my wife and I own one rental property, jointly, in our individual capacities. If I gift her my 1/2 interest, terminating my right to that property, does that gross ...

Im building a spreadsheet and realizing there is a lot of ways to structure your deals. How do you do yours with the seller? Please include how you handle:1. ARV2. Mortgage amount & interest rate3. Behind payments...

Hi there,So I bought a new primary residence in August 2017. We spent 4 months and about $25,000 making the basement a rental unit. We have 2 tenants who made a deposit in December, but they moved in and started payin...

I have a question on tax regarding a long term rental that I recently sold.
Here is the situation:

Bought a house in 2010 for lets say 100K.Spent 50k in 2011 on repairs and to make the house rentable.After repair ...

I had a property that burned down in a wildfire last week. I will have an insurance payout, which I will use to rebuild. For tax purposes, here is my general understanding:The land value on my books will be unchanged....