I'm liquidating a rental property and am considering 1031 exchanging a portion of the proceeds into either a SFH that I plan to live in one room and rent the other rooms, or a 2-4 unit property where I would live in 1...

Hi guys,So I am buying part of the property (the other part my boyfriend will own).If later on I will decide to sell my portion to him, lets say for a bigger amount of money than I purchased it for, will he have to pa...

When selling a portion of a property to a partner, is it possible to sell the “basis” value portion of my property and not the “capital gain” portion such that I don’t incur capital gains taxes upon sale? When selling...

Old unit: Have a single family home which is, and always has been an investment property. Planning to sell; approx 350k net. New unit: 4-unit multi family in which 3 units (with existing tenants that will carry over f...

We have located a property that the mayor is going to condemn that has been foreclosed due to the resident abandoning the home.  The front section of the house needs to be torn down as the foundation and house are jus...

I'm interested in buying an investment property in California, largely due to the advantages of prop 13. As I understand it, it caps property tax raises to 2% per year, which is hugely beneficial in areas that appreci...

Hello BP. I am doing a review of the insurance coverage on my rentals in Tampa FL, and I wanted to get a better understanding of what would happen in the case of a full loss. Here is an example of one of the rentals I...

Does anyone know how the Prop 19 parent-child exclusion applies to multi-unit properties. My parents and I occupy 2 units in a 4 unit property as our primary residence. If my parents transfer the property to me will t...

Hey Guys,

I'm pretty well versed with doing my own taxes, using turbotax or whatever.. I have the 2008 home and business edition here.

This year I bought my first house, a duplex. I live in the lower, and the uppe...

Hi All, I’ve been searching for advice on this but can’t turn up much. My question is can I write off a portion of my umbrella insurance policy? For example: Say I own 2 rentals valued at $250k each, a car valued at $...