Good morning, I was just wondering how taxes work. My wife and I are looking into a duplex that we will house hack. I know you can write off certain expenses but how does that help??thank you,
Anthony Williams

I am purchasing and renovating a house 1 mile from a Mayo Clinic with the intention of making it a STR/MTR.  I know a lot of people target the travel nurse demographic, but there are also a lot of patients that come f...

I have just flipped the property I lived in for 14 months also my first property as a home buyer. I would like to continue this business as this flip has been very favorable to my income. This house is currently on th...

Hello everybody. I would appreciate any advice whether its to keep the property or to sell it. I have a single family house that I currently rent out. The house was originally our primary house. We owned it clear and ...

Hello BP Community,
I bought a 1 bed/1bath duplex this summer and have been renovating the front unit. That part is going well! The plan is to renovate the back unit and make both units into either AIRBNB's or rental...

Here is the scenario. Joint tenants (not married) have lived in their California house as their primary residence for last 10 years, except for 3 years when they rented it (2014-2016). During those years they each cla...

Hello,A business partner and I are looking to purchase a 4 unit multifamily building.  We are curious regarding how to structure the partnership.  My partner plans to live in the building and take care of it, taking o...

If a partnership does a 1031 exchange into 2 rental homes and then decides to distribute them to the partners can the partners qualify for a 121 each?  This is assuming each partner lives in a house for 2 of the 5 yea...

Hey I had a few quick question about how you get taxed when flipping a house: At what point do you pay property tax and how does it get split between the buyer and seller? Do you have to have to pay capital gains tax ...

I'm a newbie when it come to income property so I have a question about how the taxes work and what I should do to prepare for tax season.  I want to ensure I do this the correct way.I've been in my house since Dec 20...