I am trying to decide whether to do a 1031 Exchange or to sell an investment property outright.  I have suspended loss carryover associated with the property.  I often see general guidance such as follows:  "If you ha...

Is anyone familiar with the ComEd and nicor or new construction energy efficiency programs that offer incentives and technical assistance to developers. The project is a mid-rise new construction.Do you recommend them...

I've just come under contract for a 12-unit apartment in Spokane, WA that was built in the 70's and remodeled in 2014. Purchase price was $720,000, and I intend to hold on to the property for >5 years. It is not pa...

Are there any rules and regulations from IRS on paying yourself rent if you own an office building and your unrelated business uses that location? By doing that, it would put passive income on schedule E as opposed to...

I purchased a house for cash off a HELOC in 2022.  It is in rehab now and no income has been generated from the property.  My W2 life is very simple, so I typically just take the standard deduction. Do I need to itemi...

All the emphasis and effort on renovations and inspections is ultimately an attempt to control the controllables enough to create a desirable home for a future resident. Once a home is “rent ready,” it signals the bat...

We bought our property back in January. Our goal is to buy a property a year so I thought it was a good idea to open a LLP to manage said properties. recently we discussed this with an accountant and he said there wer...

My loan officer (not Penny Mac employee) is working with Penny Mac to secure me a loan on a primary home purchase. We started the process in late March, and we always provided everything they requested within 24 hours...

Hi everyone. I have a rental house with 4 boys in it. This is their first time living on their own and as a result, they have had to learn how to take the trash out and so far have failed miserably. I pay for garbage ...

We are getting going in the Twin Cities area and things have been exciting for the last month to say the least.  We closed on our property in Chanhassen MN, have plans drawn up and working on finalizing with a contrac...