My wife and I would like to relocate (to the Denver area) but ~5 years ago she convinced my inlaws to move here (Dallas area).  My father-in-law's health has rapidly declined so we don't feel like we can just move wit...

I am curious if classifying my spouse as a real estate professional can offset ordinary income when filing jointly.  She does actually classify as such.  We have rental properties in various LLC's and until recently w...

There is a provision for a 3.8% tax on real estate sold beginning in a couple years as part of health care bill! I did try to verify with snopes. It was confusing and only discussed in terms of owner occupied sale. Di...

Situation - We own condo (we paid 50k cash 2 years ago and have rented)

MIL is moving into the condo.
Mother in Law has about 60k in cash from sale of her house and 30k 401k, and she gets 2k per month SS.
...

I’m am getting ready to close on a 4 unit but also would like to present a creative solution to the seller for his primary residence. Any advice? The seller is in his late 80’s and not in very good health. Not marr...

Hello everyone!I'm currently in Indianapolis, Indiana and I'm planning out my future house hacking journey before I leave Cosmetology school around September 2020( I started school around June 10th 2019 and I'm curren...

Thrilled beyond words! I wanted to flip houses since graduating from university in 2011, both to pay off my loans quickly and because I love to use my creativity to build better places. But I didn’t really understand ...

Many of you know I've written on Medical Office Space. After our lender had a stroke, we've been trying to figure out a way to fund a medical office project in Fullerton. I wrote a blog post some time back titled, ...

As we go into 2019, figured I'd share a  tax related planning tip that I personally feel will be important for business owners and RE professionals moving forward.  For complete details, please reach out to a tax prof...

I am in a 50/50 partnership over a duplex in Idaho. My partner and I are not married but have been together for 8 years. We bought the duplex and rented it out to two of my childhood friends. My partner is now sleepin...