My brother and I own an LLC that purchased a 40 unit rental property (10 buildings, each with 4 units).  The area we own them in is rapidly growing and we have decided to convert them into condos.  If we were to sell ...

Really enjoying this BP community. I looked for a similar post but did not see one. My new QI, whom I like and was referred by someone on here, mentioned something about vacation properties (where we would intend to r...

Found this online (which means it MUST be true) and had to share it. I haven't tested any of these but it looks like a couple good ideas.

Spot Removal Guide for Carpet

Step by step advanced treatment recommendatio...

Good evening - I live in an older ranch style home in the Memorial Villages area of Houston, Texas.  Home / property values in this area are ridiculous.  The lot behind me just sold for 1.4mm (25k sq ft).  Four more h...

Hello friends,Like I said, I have an opportunity. It could be beneficial or a total nightmare. I made a similar post with great feedback. So great it made me realize I should rethink the entire strategy. I was intro...

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 ...

Hi all,

A big advantage of real estate is that it can be a large tax writeoff. The "depreciation" and mortgage interest writeoffs can save quite a bit.

If I invest in say mexican or canadian real estate will I lose ...

Hey there BP community,

I'm obtaining quotes to develop an RV park, and I want to know how much should we expect to pay for an on site sewage treatment plant.

Has anyone gone through this before with mo...

Short term cap gains basically get counted as income...you have $100k income and $100k short term cap gain, you basically have the same as $200k income.I've been very careful over the years and have tremendous carryov...

I need advice on a possible 1031 exchange. I would like to sell an investment property and transfer the proceeds into an existing investment (SFR) instead of identifying another purchase.  Is this permitted?  -Robert