Ok I THOUGHT I knew about these things after buying and selling real estate for many years BUT am always eager to learn except when doing a 1031 exchange you need to pay income tax on profit when you sell a property c...

I'm currently house hacking my primary residence  SFH by adding an ADU.I saw that I can get depreciation on the ADU cost and even do cost segregation.My question is regarding what happens during the sale.I know about ...

Hi everyone.I am a Canadian citizen residing in Canada. I have opportunities to earn income from the US, by:- working remotely for a US firm- or owning rental properties in the US.For each case, do I need to file tax ...

I have heard mixed information on owner financing and hoping for some clarification before I start making the proposal to sellers. Is there actually a tax benefit for the seller. To me it only makes sense if I can get...

Hello Fellow BP members,We are closing on our first investment property on Feb 28th, 2023 and would like any advice from others who've successfully executed a 1031.  Our numbers:Purchased duplex in 8/2020 for $120K wi...

I am really interested in rolling my 401k into a self Directed IRA. Has anyone done this? How did it go?

Hello, I need help please. I want to buy a house with a LOT of issues.
5-6 liens from the city of Atlanta----- Owner Passed away 2014---- Left 3
kids that wont sell ---- Back taxes owned to the City----Sewer Past ...

I purchased a townhouse in December of 2016. Never occupied the property, just fixed it up. Im looking to list it next week but want to make sure I am in the clear of paying capital gains taxes on it. How long do you ...

Hi All,I am under contract on my 3rd acquisition in 2018, so I have yet to actually file a tax return with rental income on it. Is there a general rule of thumb for how much you actually pay in rental income tax after...

Hi BP!! Our plan is underway and it is looking like we will be able to complete our first cash out refinance in a couple of weeks!! Since we are currently in the busy tax season it got me thinking...Will we have to pa...