Hi guys,

Had a few questions regarding recapture tax and was hoping someone could help.

1) Recapture tax is a federal rule/law and not at the state level correct?

2) Will you owe recapture tax whe...

Hello everybody,

I am trying to figure out the tax implications, if any, for a client who is doing a 1031 exchange. I don't believe she should have any tax implications but would like a 2nd opinion.

Ori...

Hello, I've been getting calls regularly from start-up companies offering what they call "guaranteed security deposit fee".  I'm old school and just getting the hang of online rent payment software (awesome juice -btw...

I am hoping to get some help on a situation we are looking at and would appreciate any input! I also understand that this is not tax advice and I’ll will be working with a CPA.My wife and I are looking at purchasing a...

I found a Triplex for sale for $219,000.It consists of:Main House 3/2 (Could rent for $1,100)Apt 1 - 1/1 Occupied $500/moApt 2 - 1/1 Occupied $500/moTaxes - $2,200Insurance - $1,300? (Guesstimate)Vacancy - 7%Repairs -...

Hello,I need help finding a solution to an issue that my fathers house is creating.  My father and I are trying to figure out what to do with his home after he passes.  It's the home we grew up in and its a home that ...

Hi All,Looking to buy a STR at the Jersey Shore this year, meet the material participation requirement/100 hrs, and take bonus depreciation on the unit for 2024. I have a few questions regarding this strategy:1. What ...

My business partner and I are looking to complete our first deal in Ithaca, NY. We have about $50k in capital to spend and any costs that surpass that we would look for a hard money loan.The properties that we are see...

 I have a scenario I would like to run by you all. My fiance has a property she bought with an ex who is long gone. She has a 1st and a 2nd. When they split they made an agreement that she pay the 1st and he pay th...

Hi, BP!Nice to meet everybody here. I'm a new member, and I don't have investment in RE expirience. So I would like to hear your advices. I would appreciate it.Let's say there is a family that owns a house with a mort...