Any one have experience with deducting rental expenses against ordinary income (not just rental income). I know there are rules regarding active versus passive investing and there is a cap (MAGI) but if one is over th...

I'm trying to help a family member sell her house in Boothbay, Maine.  There was an offer that blew up because of a defect in a "view easement".  The buyer's attorney claimed that only one of the two spouses signed th...

I just got married, we live in an RV currently by choice (On parents land), I make $70k currently but have to drop the job because we absolutely cannot stand Michigan weather any longer and want to live in KY,TN,NC, o...

Hi guys,Im a 30 year old married guy living in Chicago currently. I have 4 properties, and closing on my 5th in a couple weeks. I bought my first property in 2010, it was a SFH 2/2/2 foreclosure that I renovated and l...

Hello BP
I am a veteran builder for the last 15 years building custom homes, remodels, and a couple of spec homes. I am looking to build some four and six plexes in a college town in Idaho that is currently short on h...

We are about to start an llc to start investing in real estate(wholesaling, rehabing, buy and holds). My wife is a REA and will list our houses that we flip in the future. Is this a conflict of interest? Should I just...

I have a house that will be listed for rent soon. There is a unmarried couple that is interested in the property. They have qualifying combined gross income of $7,000, good references and landlord history. They have b...

I purchased a condo as primary residence, converted it into rental and now would like to make it my primary residence again for 2 years. Would I be able to claim the gain (minus depreciation), tax free?2012 - Purchase...

Hey BP,

I just recently put a property on contract in Logan, UT. It is a 4 bed/2 bath with a basement that has a separate entrance. It is blocks away from the university there and unfortunately, it is only zoned fo...

Hypothetically, If I owned two homes with a mortgage on both - could I sell one home and roll the proceeds TAX FREE to paying off the debt of the other property?  Or would I have to clear the proceeds and then apply?T...