Hello BPers,Question about combing a home sale gain with a 1031 exchange. My wife and I lived in our prior single family home for 9 years until 2017 then rented it out since (+2 years). The house has appreciated about...
Hello,Really appreciate advice on the two question below:1. I currently own a LLC with my husband, which has an rental property. I just became a real estate agent. Can I Can I perform real estate agent activities unde...
Hello all,I am reviewing a list of properties for an upcoming tax lien auction in my Texas county, and I have some questions about how to evaluate the properties.1. How do I know if there are secondary liens or anythi...
Hello all my PA genius investors!
Need some advice. I purchased a property at Luzerne County PA upset sale and I know I'm responsible for liens/mortgages ect.
My question is this.. there is a PA commonwealth lien...
Can a property improvement under $2500 be written off in the year it occurs, even if the expense happens before a renter is put into the property?In the old tax system, my understanding was that home repair expenses c...
Anyone have any information on when the material participation clock starts and hours you or others spend start counting? ( specifically for a property newly purchased mid tax year new to the investor — in this case u...
I am in the process of finding a new primary residence and I plan to rent out my current home once I have moved. There are a few things that I want/need to do to my current home before renting it out such as:
- Paint...
Hi- here's my scenario and I need answers/suggestions around any loopholes or tax implications I should be aware of. This is all new to me but I think I have a plan. I want to do a $150,000 cash out refi on my investm...
I’m looking for a state to invest in tax liens. I currently invest in Tax Deeds in LA county but wanted to add tax lien investing in other states. I’m new and hoping I can find a state/county that sells them more than...
Hello BP community!I appreciate everyone who stops by to read this discussion and thank anyone who provides any input. I am currently searching for the best real estate accountant for my business. I am currently makin...