Hi All,I am living in South Jersey Area and planning to buy a foreclosure property for myself and hold it for next 2-3 years, fix the property during this period slowly and eventually sell after 2-3 years. And use the...

Try offering a semi-monthly lease period to borderline tenants. Here are the reasons you may want to do this1. You can make the lates fees on each 15 day period.2. You will know 15 days earlier if there is trouble wit...

Hello,I have a question about a strategy. Can you buy a house in an "Opportunity zone", rent it short term for the rest of the year. Get 100 hours of participation to become a real estate professional. Bonus depreciat...

Hi folks, I'm purchasing a condo in San Juan, PR as my Primary Residence, so obviously the bank and the IRS expect me to live in that condo for "the majority of the year." I thought the IRS would be more specific by s...

I just recalled that when in NYC i needed(?) to use an attorney to close on my long-term multifam flip (usually at 2 yrs owned/lived in) and usually the first words out of lawyers mouth was 'why don't u do a 1031 even...

Hello, purchase our first property it is a townhome in September 2022, using down payment assistance with 3.5% down, conventional with 6% interest. Built in 2006, we got it for 175k and it was listed and valued at 191...

Purchase price: $58k cash, Renovations and holding costs $10k.  Appraised $128K (lower than I expected, but market is tightening up).  Cash out $96K.Rented at $1200/ mo.  Only on the market for 1 week.    My Before pi...

Hi everyone,
I own a 3-bedroom, 2-bath single-family residence that I purchased in September 2023. I currently rent out two of the guest rooms and am living in the rest of the house. I understand that I need to prora...

I have a unique situation with property owned by my Mother (still in her name).  She currently owns a 10 acre parcel in rural Southwest MO with a 2,000 s.f. 3/2 SFR.  Due to neglect, this house is a serious fixer-uppe...

I am wondering the type of tax treatment for vacation rentals such air bnb, vrbo etc. Are rooming houses considered the same as vacation rentals? Assuming there considered passive? Please share your experience and adv...