I've been proposed a Class B multifamily building in a desirable area with low inventory. Below are the numbers.9 Units( all one bedrooms ) ( 625sqft )2 units= $880, 2 units= $800, 2 units= $725, 1 unit= $845, 1 unit=...

The Internal Revenue Service has finally issued guidance to help taxpayers understand when a vacation home or a second home may qualify for 1031 exchange treatment.

Revenue Procedure 2008-16

The IRS issued Revenue ...

I currently own 1 rental property and am looking to expand my portfolio this year. I've done a lot of research recently on STR's and it seems to me like the ceiling for profitability is much higher than with long term...

Lets assume I acquire the house 100K to keep it simple and its a 20% down payment the rest is leveraged. Lets say my mortgage is $800 and I charge my tenant $1500 a month. Taxes in Illinois are 2.8% or so so thats rou...

Newbie here trying not to overextend myself. So lets say I have my eyes on a property. How do you go about determining your monthly nut (as far as taxes, insurance, and maintenance)?And once you have that figure, how ...

Hello BP community, This is my first post on BP so my apologies if I over explain. I purchased a 5 bedroom home my sophomore year of college, house hacked it through school and also fixed it up. I just graduated and a...

I am interested in investing in tax liens and I'm curious how the revenue from tax liens is reported to the IRS. Are there any IRS documents associated with purchasing tax liens (even if they are redeemed before forec...

I am in a ESOP at my work.  The company just sold and I have to figure out what to do with the money.  75% has to stay invested in company 401k with annual disbursements for 5 years.  I likely will keep the 75% invest...

I only invest where property rights are respected, such as Arizona and Texas. Here is a clear example of why. If you are a prospective investor in Michigan, reconsider what you are doing. Things will only get worse in...

Quick question to those who know the answer. I have heard many different responses, so id like to see what everyone thinks.
I have spent roughly 22k this year on real estate related expenses. 15k on 2 credit cards fo...