Can you 1031 your 1 SFR into 1 multi family or even multiple multi family's? Yes, it's an expensive house. I've been told that it has to be a "like" exchange. Please help!

Hi all, Here is my situation:1) Married, filing jointly, living in Texas2) We, married couple, owns the rental property in our personal name (also in Texas)3) We route all rent income and other craft related income re...

Hello everyone, it's tax time again and that's  good for most investors$$. I was looking for protection on my properties so I started an S corp last year. However I'm still not sure if this was the right route to go i...

Hello BP!  I am in the process of closing on my first duplex to house hack and I have a few questions as to how to set it up. Can I / should I open a business checking account as an individual and just have my tenant ...

I am a Broker in WI turned full time investor, I use to just flip, but am now adding rentals, 4 in the last 9 mo. If I was not a broker my rental income would truly passive and not subject to self employment tax, but ...

Hello Everyone
I have to move out of my house due to job reasons. I am planning to rent my house. The house is on mine and my husband's name. I created a LLC with me being the only member on Sep 21st. I created the ...

After wholesaling rental properties and being tired of being a tenant again myself - I would like to be able to qualify for a conventional loan. In speaking with a local tax attorney, I was told that 2013 was the last...

Good Morning BP. Would anyone have advise or experience on changing an LLC's formation state? I owned commercial property in Massachusetts under an LLC I formed years ago and in May of 2020 sold that property and did ...

The commerical agent that my wife and I are working with is a real SOB. We have been trying to get the numbers for his listing for over a week. So finally he sends me an email, and leaves out a detailed expense report...

First of all - does anyone else feel like they are singing the alphabet?

I have heard the LLC or FLP is the way to go but what really does that do for me?

What are the pluses and minuses and differences between the ...