HiI would like to get an idea on how an owner financed commercial property deal might work in New Jersey - middlesex county and become aware of the pitfalls so I know what I'm walking into. I will be talking to my att...

Hello all and thank you so much for maintaining such informative site. I am in TN and live in a home with its yard that turns out contains 4 lots. These lots just need to be reinstated and can be built on, a home on e...

I am selling a Duplex located in Ecorse Michigan. I received 2 offers. They both want all tenants out and I am currently going through an eviction with the remaining tenant who were both not paying. I will have to pa...

Hello Would the capital gains tax happen on the amount after the mortgage is paid off and subtracted the initial invested fund? For example, if a property was purchased for $100k and mortgage $70k and invested $10k pl...

Can the OZ benefit be applied to an investor that's just using cash to create the fund vs. rolling over/deferring capital gains tax from some other REI sale? I.e., cash from scratch in fund vs cash from REI proceeds.....

My wife's family lives in Kelowna (she's from Vancouver Island) and we travel from Seattle to Kelowna 4-5 times each year to visit. For a number of reasons, we feel like it's a good time to invest in the Kelowna real ...

Hello,New to the group but learning a ton and interested in feedback from others especially tax professionals. I'm considering partnering on a flip in Southern California. I have a regular 9 to 5 but know someone in r...

First off, I spoke with my CPA regarding an LLC and I'm wondering if she is correct regarding the taxes on an LLC.  She stated that if I were to buy and sell a property under an LLC that the entire gross amount would ...

When you read section 1031 it is very clear that personal property is not included in this type of exchange. Homeowners that qualify though can take the section 121 exchange.

There are circumstances though that a 10...

I bought a 4 bed 2 bath split-entry foreclosure 2 years ago as my first home (and still live there). I'm currently closing on my second single family and looking for a 3rd, so I set up the LLC, bank accounts, etc.My c...