Ok, So I had my sit down with my Tax girl, and was somewhat displeased. My situation: 150K in rental income before deductions. I am a sole proprietor. Question: As I continue to acquire more and more properties, Shoul...

Hey everyone, I've been told a million times to start running my income and expenses through my LLC. What is the purpose of this? I am worried about running it through my business and then becoming less "bankable" to ...

Absorbing every bit of info possible on REI. The two main strategies I will use are wholesaling & lease options/options.

I want to know whether or not a Realtor License would be beneficial to those strategies or...

Good morning,there's a property in my neighborhood that I am interested in purchasing. The previous owner is deceased, but I am trying to locate the next living relatives & I have tried different options. Any advi...

I am a little bit confused about step up basis.It is my understanding that when you die, your property transfers to your heirs with a step up value to the current market value, so if they sell the property for that sa...

Hello,BLUF: I would like your opinion of what to do with $30-50k of profit from a flip.Long story Short, bought a home in Dec '21 for $125k(my cash), put $75k(my cash) into reno and am looking to sell between $250-260...

In my home market in Orlando, competition is getting stiff not just with acquisition of new deals but with securing medium to long term financing for rental residential property held in an LLC. Where is the buy/hold i...

If you use your Solo 401(k) to purchase real estate, I understand that there are certain prohibitions on it, such as all income must go back into the property.

As far as hiring people to work on the property,...

I currently have 9 properties that are owned in a partnership with one other individual. We own the partnership 50/50. Of of the 9 properties, 6 are financed on a commercial loan together, and the remaining 3 are fina...

Can you put the real estate taxes on your schedule A while the property is undergoing renovations, before the property is placed in-service?  I was under the impression that you cannot, that they must be added to the ...