Hello everyone,

We, my wife & I, have a primary property that we have lived in for 18 months. We will be selling our home and our net profit will be tax free due to our primary property.

We also just sold our...

Hey Everyone,I am buying my first rental property soon (closing 1/30) and have a strange predicament. The property is an upstairs downstairs duplex with a tenant in the top unit. The top unit was rehabbed prior to the...

Hello all, I have about 3 weeks to nominate a replacement property for my 1031 exchange and am looking for a CPA who can answer questions regarding the tax liability when the replacement period straddles tax years lik...

Hello BP,So I made my first deal a few months ago which is a single family I will house hack. There’s a finished basement that I will live in. I made a mistake and accepted tenants upstairs that I shouldn’t have accep...

Can you utilize a 1031 (LKE) to avoid taxes on a flip if the home is in owned personally? Or does the home have to be owned by a company to take advantage of the a 1031?

Hello,My CPA recently told me that the $50k we spend last year can not lower our tax burden because I have too high an income? Something seems to be missing here...I have never heard of this on any of the podcasts (I ...

Hello BP Pro Investors!I am a relatively new but passionate real estate investor in the South East Michigan metro area! My quick bio: > 25 years old, moved to Michigan from California in 2012 to become a full-time ...

If a managed property falls into complete disrepair and suffers a roach infestation with such a magnitude that every fixture and cabinet needs to be completely replaced, due to roach feces, where does the property man...

“True unemployment rate at this moment is about 18%.”

In the past week, another 6-10 million became unemployed. As of this moment there are about 28 million unemployed. It was 5 million the end of the first week of...

Hi, If I have a single member LLC where the member/manager is a Trust and Me and my wife are the Grantors/Trustee of the Trust with beneficiary as the Living Trust. In this case can the LLC be considered as disregarde...