Hi All-I have a condo that was my primary residence for a number of years, but I started renting it out last May (and I live elsewhere). Is it now eligible for a 1031 exchange? Does it need to rented for a certain per...

Halloween. Ah yes, that magical time of year when I get to teach my kids about America and the power of Capitalism!What's that? You don't use Halloween as an object lesson to teach your kids the same principles on wea...

Hello BP,

I interested in purchasing a home currently listed as a short sale. The home is on the market for 295,000. Based on Redfin the current value of the home is 394,000. This is my first deal and I'm won...

Hi everyone,I found PLR 200745011 which similarly represents my family's situation with some key differences. I want to request a private letter ruling from the IRS on my particular situation but need the ruling reaso...

"For the first $40,000 of your income, the capital gain tax rate is 0%! You pay nothing!"
Fantastic, but what does it actually mean?
If I have no job and sell a property for $100,000 - does it mean I pay nothing for...

  Hello Everyone, I am just starting and buried myself in a few real estate books and feel I am ready to take the leap to financial success. I am thinking to look for a multi-dwelling unit in the Southeast Florida Are...

Hello everyone,  I'm new to BP and to real estate altogether. I'm still trying to figure out my niche in commercial R.E. but I have narrowed it down to apartment complexes or mobile homes.  My question would be do you...

I am a novice single family real estate investor taking a peek into the multifamily realm. I am looking to bud relationships with local brokers, but I don't want to waste their time with my lack of experience. Who sho...

Im looking to open up the floor plan, and would like to remove the center load bearing wall. I have talked to a few contractors and this is what we've come up with, the rafters are 2x6 and the roof is a 5 pitch. There...

Hello BP Family!I am hoping someone can give me a little direction.  I am looking to purchase my first owner-financed deal back in my home town in Nebraska.  The current investor owns the property free-and-clear and I...