Hi BP community I just set up my account and was hoping I could get some feedback on setting up an industrial value-add fund specific to cannabis land & infrastructure development. My company plans to develop 10 i...

We have been investing in real estate for over 20 years but always buy and hold. We are selling on our first flip and I have another house under contract. I would like to file a 1031 Exchange to differ capital gains. ...

Does it make sense to get the cost segregation study done for 1000 sqft for single family homes?

How much does it cost?
Can it be DIY?
recommended only for bigger properties?

I've recently had my accountant do my 2008 income taxes and I was surprised that he informed me that I could not take deductions for my real estate investment training that I purchased in 2008. A big one was the Rich...

Tax season often leads to creative interpretations of what can be considered a deductible business expense. However, a recent case highlights the importance of thorough documentation and substantiation when claiming d...

A lot of people ask me if it’s beneficial to do a cost segregation study on a single family home, the answer is yes! Determining exactly how beneficial is based on a multitude of factors, but a cost segregation stud...

My cpa had a mental breakdown and I am trying to get a question on the 2 in 5 rule on a place I'm looking to sell. I'm in MN. How does the 2 in 5 rule apply to multifamily? Which part is exempt? If part of it is susce...

All,Quick question... Building a spreadsheet of all my expenditures for my rental property.  What kind of data does the IRS want to see if I ever get audited?  I assume a list of the expenditures with dates, I also a...

Several months ago we had a bad storm come through and the roof was damaged on my rental property. The total cost was about $4k to replace. My insurance claim covered part of the cost. I paid $2800 out of pocket. So, ...

I bought a single tenant commercial building in June of 2015.  I planned to hold long term.  The month to month tenant just moved out last month, so I've been marketing to find another tenant and have some good possib...