I bought a house 6 months ago in california with PITI is about $1500 per month. I live in one of the rooms and I am renting the rest out for $2500 a month so making about $1000 extra. I want to buy a second house asap...

My husband and I are very familiar with investment properties- we own several rentals, but are looking to start flipping this year and hopefully make a career out of it. I’m trying to become more knowledgeable on Capi...

Hi all,New member here. I have a question that is a bit different to what others have asked re. renting from a property held in the name of an LLC you are partnered in, so I'm hoping someone can help out or give some ...

Here is the situation.

Neighbor dies and there is an existing mortgage on his property. He has no assets so the bank begins foreclosure. A year or so before the owner dies, his daughter moved in to take car...

I own a handful of rental properties of which I am currently managing myself. The properties are not within an LLC because they are traditionally financed. I have an LLC set up mainly as an asset protection vehicle...

I've never done a 1031 exchange before and have a couple basic questions.  FYI I am closing on a property soon (I have a LLC) that I may try to immediately resell.
1. Do you need to have held the property for a certa...

We have a Co-op apartment that used to be our primary residence but now being kept as a rental. We are debating whether to sell it now to take advantage of the 2-out-of-5-year rule on capital gain tax exclusion, or to...

From a tax perspective are there big differences between a 1031 exchange and reinvesting gains within the same tax year? I buy and sell property with an LLC and just closed on a flip with a $60k profit. The sale price...

I recently used a personal HELOC to purchase a flip house then rehabbed and sold the house. I decided to use a 1031 exchange for the tax advantages and our accountant told us we can’t use any of the proceeds to pay ...

Hello!I have a rough idea of what I want to do, but no experience or expertise. I live in a LCOL area (Arkansas) in a small town rapidly developing into a desirable suburb. I am currently in a great living situation s...