It makes sense to want depreciation to offset ordinary income.
Here's the kicker:You need to establish that you are real estate professional. Then you establish material participation.There are two tests to a real es...

Hi BP Community! I hold a number of 4-plexes in my personal name and am considering selling them to purchase a larger multi-family property. The larger property will be required to be held in an LLC. If I am the only ...

Greg Abbott’s $18 billion tax cut package for Texas homeowners came into force on Monday, but many residents complained to Newsweek that they are still facing impossibly high taxes on their homes.
Property Taxes by t...

I have a home I've been in for 5 years. I want to rent it out to my LLC, stay in the home, pay the rent and write off the expenses. Can this be done? 

We have a LLC In Which both my wife and I are the members.  Our home is I. The LLC.  We wish to close  the LLC and do a quitclaim deed.   Can I as a member sign for the grantor granting the home to myself as an indivi...

Hi Everyone, new to this forum.
How do you think the tax changes will effect real estate investors?

Looking a property that is in foreclosure and just found out the state has just put a lein on it due to seller not paying state income tax.  How can I find out if the IRS may have a lein on the property?  Can the IRS ...

Hi all.
I have a potential tenant, he sounds super nice, good income, him and his wife, etc.
one issue.. his wife is from another country, she does have ID from her home country, and she has a passport, but doesn't...

What’s the basics I should know before I perform my first one. One question I have is if I sell property X for 200k can I do a 1031 on only 150k of the sell and pocket and pay taxes on the remaining 50k?

It sounds like capital gains taxes will increase under the Biden Administration. I'm curious to see what people's thoughts are in regards to protecting assets from Capital games. What types of things are you doing or ...