Hi BP! I am in need of any advise that anyone can provide. I understand most are not attorney's or tax professionals so I will not hold anyone too whatever they share as if that were the case. I purchased a property s...

Hi there - new to BP but long time lurker. I've been running thru this scenario for a while with my lawyer & CPA, but want to see if there are any real life experiences to also lean on.I have split interest with 2...

I own a nicely appreciated SFR in AZ and am planning on selling once my current tenant's lease expires. My thoughts are to 1031 the gains into a replacement property.  Here's the issue - the soon to be relinquished pr...

I won an auction on a house and the contract consist of a Quit Claim Deed.  I did research at the county clerk office and the property seems to have no liens, but from what I understand, there is not only no warranty ...

Hello.  If I'm renting out my home with the long-term goal being to sell and to pay off my current residence at retirement (15-20 years from now), is it worth it to claim annual depreciation?   I understand if I were ...

This question may require an attorney's expertise.  I am transferring two (2) properties that are owned personally by me into LLCs which are controlled/owned by me.  I have heard this is most often done via a QCD, but...

Hi, I own a triplex that has had a few insurance claims over the past 5 years (broken pipe/plumbing replaced). The latest was a kitchen fire caused by tenant grease fire. My insurance has now given me notice of termin...

I have a water damage claim on a property and insurance decided to shell out $5k (Upfront) initially and $3k (recoverable depreciation) once work is done and invoice is submitted.

If I plan to do the work myself, h...

Dear 1031 experts,
We just completed a 1031 exchange from 2 properties sale into 1 commercial property. The deed of new property and 1031 exchange were set up correctly with the owners from the 2 properties being ref...

Hey BP, Recently had a contractor that I've been working with for 3 months just totally ghost me. We have a signed contract with what work needs to be done and when. After he finishes work he gets paid. But we had a h...