Does anyone have any advice regarding the following scenario.  I have a couple of single family rentals in the Dallas Metro area that are currently in an LLC.  I bought out my partners at the end of 2014 and now want ...

I’m looking for some advice about 1031 exchanges. My grandfather in Massachusetts is going to sell his house to take advantage of the tax break he gets since he lost his spouse (my grandmother). He’s 89 years old and ...

Hi folks,
My new tenant was placed in my St Louis property last December. Since then, she’s had a multitude of complaints about various issues big and small. I’ve spent $10k to fix issues like new HVAC and fridge.
S...

Hello, my name is Josh Lounsberry and I have started a real estate business as a flipper. I am looking into how to save money using tax strategies and would like any references for good CPA's that deal with real estat...

Decent tenant of 4 years  moved out , only gave 2 weeks notice . I schedule a move out inspection the day he is leaving . They call for a east coast snow storm so he calls me and tells me he is leaving 2 days early an...

Bill Gulley Someone was asking me a question on their home. The Seller is carrying back a note secured by a 2nd deed of trust. The agreement they have is that there are to be no payments on the note, and the buye...

I bought a house for 60k and am selling this month net me 80k and want to do a 1031 exchange. Do I have to escrow the 20k profit only or the whole 80k proceeds from the sell? Do I have to buy a property to defer taxes...

If I purchase a home for $25,000 cash, then spend $15,000 to fix it up, then refinance at an appraised value of $100,000(just an example), would depreciation be based on the $25,000 plus improvements or would it be ba...

Hello BP Friends,Two years ago we bought a 1908 house on 1.1 acres of land. Historically it was divided into 10 lots. Due to the fact that there was no sewer, it was not buildable. Half a year later, sewer was put int...

I just finished last year's taxes and have a large passive loss (after depreciation) on my rentals. But being a passive investor with large W2 income, I cannot benefit from the tax loss (at least thats what my account...