What activities qualify for the material participation tests for making your short term (<7 day on avg stay) active instead of passive income/loss? I'm taking the "I contributed 100 hours and nobody contributed mor...

Hey everyone, I have a home fully paid off that I live in, as well as currently rent out to one person. If I converted my primary residence into an LLC and then rented to myself (i.e., I'd still live in the house), co...

I am a newbie fromLong Island. I am trying to find the best way to locate recently sold comps for the areas I am researching. I am not a R.E. agent so I am not familiar with the process. Any help appreciated.  ThanksB...

Hi,
I am looking at a property and am requesting schedule E for income and expense statment. I was told that they do not file E. I am not sure as to how to make sure the past two years income and expense statement. I ...

Hello BP Family! I didnt really plan getting into Real Estate or investing. Bought my first house and had to move due to work. I currently have renters and was thinking what should I prepping for taxes this year?

Th...

I am setting up a LLC for property management. The LLC will manage my properties, which are single member LLC's as well as well as properties for other owners.

My plan is to have my property management LLC collect a ...

Looking for some insight, and I realize this may be a bit complicated for this forum, but as I am not a tax professional it may be an easy answer as well. Some basics…
My wife and I own a property with 3 STR on the ...

This is a hypothetical situation. Billy has a day job earning $100,000 per year in California. He wants to build a real estate empire in his local market as the king of residential real estate (1-4 units). What value ...

Real estate investors should consider key tax aspects for financial optimization and compliance. Given potential tax law changes, consulting a professional is crucial. General considerations include:Income Taxes- Re...

Is wholesaling legal in the state of Louisiana?