I'm discussing the purchase of eight properties with a retired owner. He sold a couple of his last year and one of his biggest concerns is not paying more taxes.  He also wants around 180 k to pay off existing debt an...

Is there anything or way to deferred the profits from my main home after the 250k. Im looking to buy more investment property's with it. plz help on this

I am reviewing our rental building insurance renewal and found an endorsement called Ordinance or Law Coverage. Do any of you know how to find out the ordinances or laws applicable in a particular locale in relation t...

Hi, I have some questions on 1031 exchanges that I need to know before I make my next investment decision and I'm hoping somebody can help me with.  Here's my situation:I have two investment properties: A condo which ...

I have been studying the Real Estate IRA concept for some time, have a pretty good understanding of how it works and its rules, and am getting ready to buy our first investment property with it, a single-family hou...

Hello BP!I'm a little behind the curve on this, but my Enrolled Agent suggested that I rent my personal home office to my LLC. This way, similar to when I used to rent out extra bedrooms, I can write off a portion of ...

hello all, this is my first year as an investor and doing my taxes got a bit confusing. I guess I could go to a professional but figured i would ask here first...I got an ODP loan out to purchase the property. I purch...

Canadians, especially those in Ottawa or anyone who gets property assessments through MPAC- how do you divide the value of your property between land and building for tax purposes? I looked at my property value assess...

I was recently contacted by a third party hired by the city of Sherwood in Arkansas. The city is planning road improvements due to flooding during heavy rain storms. They want to acquire 1,251 sq/ft of land to the fro...

Hi,When 1031 exchange is performed, what happens to the Passive Activity loss on original property? We have considerable PAL and good equity on the original property, wondering what happens to this loss after the exch...