I'm feeling very nervous about trying to complete a 1031 exchange for a property in San Diego county which has not yet closed.  I was planning to buy some much less expensive duplexes in my home town in Wisconsin and ...

Hello there.  My husband got laid off about 3 years ago and we did a Solo i401K with our 401K money.  We have been told that we can use it to buy properties but we can't get loans with it, etc.  The market around us n...

Wanting to understand how the interest part of our income (partnership LLC) for short term loans- mostly fix & flips, are considered for tax. One accountant said it’s not subject to self employment tax since it’s ...

Hi BP, I am trying to work out a seller finance deal with my neighbor who is 100 years old. The property is a duplex, and he plans to give all the proceeds from the sell to his daughter. Her plan is to get the absolut...

TAX QUESTION!I am partnering with an individual to do a live in flip. I would live in the house for at least 2 years (to avoid capital gains tax) before selling. My partner would not be living in the house. Will he al...

We invest in Maryland (which is where our LLC is registered) but we're considering doing a flip in Pennsylvania. To avoid the non resident withholding tax, do people usually create a new LLC in the state in which they...

Hey BP folks!We have a few STRs that we have done cost segregation studies on. After operating the STR for the first year can we turn the STR into our primary residence for 2 years then sell and avoid capital gains ta...

At what point is it determined, in the eyes of the IRS, how to tax a flip? For example, if we buy a property with or without the intent of renting it out, and after rehab we place a tenant in the unit, can we sell it ...