Hello everyone. Quick piece of advice. I have a home that is already paid of. I would like to purchase another house as a conventional loan and "house hack it" to get better interest on the home and eliminate taxes on...

Hey everybody!My names Jesse and I'm originally from Ohio.  I grew up in a small town and just recently finished my enlistment in the Air Force.  I'm now going to school full time for entrepreneurship and extremely in...

I started the remodel process with a GC of the property I own and the first thing they did was to measure the property lot.It turned out that the county record has 6-ft less width for the lot than the actual length th...

I just learned that if you start up a company in Puerto Rico and flip a house in California and hypothetically profit 100k on the flip, that since you're incorporated in PR that the USA can't tax that profit. And PR ...

I’m house hacking a legal 2flat. I would like to transfer the building to an LLC. For two reasons; 1. Avoiding liability 2. To remove the rental income generated to me personally and have it towards an LLC. Has anyone...

If you assign a contract, never taking ownership vs double closing, is there a difference in the way you will be taxed? If so, what are those differences.

Hi, I am a newbie,  my father wants to give me his house, it’s paid off.  What’s the best way to acquire it legally?  Someone once said he can sell it to me for a dollar to transfer the title.  Jumping on here for adv...

Say I bought a property in June 2017.  I then enter into a Bond for Title contract with someone October of 2017.  The person gets a traditional loan and pay me off in December of 2018.  Would this be treated as long t...

Hello BP community, My wife and I own 4 rental properties in Denver, 3 of them single family homes and one is a duplex. This year we are planning to sell one single family home and possibly another if capital gains do...

Ive never had a partner outside of my LLC before. But recently I bought a property on a partnership and I have no idea how to deal with expenses and gains come tax time. usually I would put everything together and it ...