Is it "IRS legal" to buy a distressed property with a self directed IRA-LLC, hire a contractor to do all of the rehab., hire an atty., a realtor and other third party services to process the documents, and put every p...

Hi BP community! My husband and I recently purchased a new home in Southern Missouri that has a large shop w/ apartment on it. A CPA I met with discouraged us renting it and encouraged classifying it as a home office ...

I was wondering if there are any tax deferments for selling of a 2nd home and using proceeds to lend to someone for an investment property. Do the standard tax deductions apply when selling a 2nd home? Can you roll th...

Heard about opportunity zones where we can get tax benefits. There are organizations that have funds to assist us with buying properties in these areas. Not sure how this works and what are the benefits and how to app...

I have a problem and would love to hear some opinions on this.
Here is the scenario: a $1.5M tax exposure (net profits on sale of property) and a lack of desire to pay Uncle S. and CA 50% of that ($750k).

So the ques...

Hello all, looking for some advice or recommendation.  Also my first BP post so here we go.
July 2020 I bought a townhouse in Fredericksburg, VA for $315k.  20% down payment, 2.75% fixed over 30 years.  Do the math a...

What is it? Pros and cons

We are fairly new to real estate investing and we have done multiple BRRRRs and just listed our first flip for sale. After doing more research and talking with our CPA, we will owe about $30,000 in capital gains tax. ...

So today I called my CPA to let him know that I’m going to be buying rental properties in the near future. I Wanted to get some insight on some of the tax breaks I would be getting for having rental properties, he ...

Hello, have a basic question. My rental property is under LLC and is under contract. Can the sales proceed be deposited into my personal account vs LLC checking account? The rational is use the proceed to purchase ano...