This is the first year my prior home became a rental and I understand that depreciation is only for the value of the home.  I looked up the tax assessment and the total is less than half of what I paid when I bought i...

Hey folks,I love being able to look through these forums, they have been a big help!I am about to start a contract on my first deal. The seller lives in Florida and she inherited several properties in Georgia from her...

I'm making the leap from SFH to fourplexes. I've plan to look at a fourplex this weekend and make an offer and put down 20%. The property is listed for $109,000. Taxes are $849/yr and insurance will be $1766. The...

I just sold an investment property that I received through a foreclosure a few months prior.  We did a quick all-cash close and I didn't even consider the idea of doing a 1031 exchange for this property.  COE was a co...

Tax related question on the Capital Gains Exclusion.- I purchased my first primary home in Feb ‘17.- I lived in the house until July ‘19 (total 2yrs 5months)- It has been a Rental from July ‘19 to now. - Roughly $250k...

Hi BP-

Looking to get some advice on the best way to convert my primary residence to a rental property. In short, I purchased the property in 2013 for approx. $420K and the value is now closer to $475K. I would prefe...

If the cash on cash return is the same for 2 properties on the market, but one needs rehab and the other does not, which is better for tax purposes (deductions, depreciation)?  Sorry if this is a very basic tax questi...

Hi fellow BP community. I've been a buy and hold investor for the last 3.5 years now and have been in search of a good CPA that understands real estate investing. I've spoken with a few different CPA's but am finding ...

Hi BP,Need help with a 1031 question.On a 1031 election, can you liquidate the proceeds prior to the ending of the 180 day period requirement without penalty?If so, are there specific situations that allow you to?    ...

Good morning, quick question. After doing my taxes I’m left with $0 net income because everything this years was losses and no gains. Does that affect my refinance once I finish my first BRRRR, having a $0 net income?...