Are cost of legal fees and renovations before LLC is formed deductible expenses?

Why I like investing in real estate more than 401(k)s.
Both offer tax deferrals, but here's the difference:
If you're making pre-tax contributions to your 401(k), then withdrawals = ordinary income tax.
With real e...

Purchased a house in 2019 but the rehab / start-up carried into 2020 before being ready to rent.  I understand most of what I've read about capitalizing start-up expenses and the $5000 rule.  I read somewhere, can't f...

My in-laws recently retired and want to give their home in Philadelphia, PA to my wife. How do we start the proces? Should we meet with a real estate attornery or go to a title transfer office?

Investment Info:

Townhouse buy & hold investment in San Diego.

1,521 square foot condo with 3 bedrooms and 2 bathrooms. ** Inherited property**

I have always thought it was at the capital gains rate, but someone today told me that the gain on the sale of a primary residences is taxed at the ordinary income rate. Can someone clear this up for me? Thank yo...

I am nearing the finishing touches on my 1st flip and wanted to know how much capital gains tax I will be paying? I purchased the home through the county auction in March? What % will I be required to pay?

Note - Thi...

I just purchased a house that was never completed. The house was framed up, put under roof/ windows, siding, windows but the inside was never finished. The inside is just bare studs (no insulation, plumbing, HVAC, E...

This is probably one of those things I should just go ahead and ask my CPA, but I thought I would see what the experts here thought first.

I was wondering if a cash out refi or massive home equity line could be used ...

Hello All -We are about a month away from getting completely out of all W-2 employment and going full time (hubby & I) in REI.  We have been thinking about this for a while and feel like we are in good shape to do...