Hello everyone,I have a question in relation to reporting a 3 flat or 3 unit that I have in Chicago in the taxes. I still need to create my LLC but as of today the question is the following.How should I report the 3 f...

Hello everyone,I am seriously considering becoming a landlord, and recently I started looking at the "starter" properties nearby. Found a three-unit property with the asking price of $150k, property tax of about $7700...

If I live in CA and earn income from AZ (re sale or rent income, note sale or interest income) do I pay CA or AZ state taxes? Does it make a difference if assets are owned in an entity?

Hello Everyone,
My sister and I recently inherited a paid off rental property that nets around 20k a year. This house is held within a living trust that my parents set up. All assets within the trust are supposed to...

My wife and I recently purchased 2 multifamily locations, with a total of 6 units. We had signed all the tenants to a 6 month lease initially, and we currently pay water. The water bill per quarter averages anywhere b...

All,
I am under contract on my first deal -- a student rental property in New Jersey.  It is a single family home with 6 bedrooms and is fully rented for the upcoming academic year.  
I am trying to determine the be...

Investment Info:
Single-family residence fix & flip investment.

Purchase price: $135,000

Cash invested: $85,000

Sale price: $275,000

This was a traditional flip utilizing our hard money le...

We have a two family home. We live on one floor and the other half is rented. The property is being sold for $1 million with a mortgage of about $300k. We're planning on doing a 1031/121 combo. The rental half is esse...

Hello and Good evening BP Brothers & Sisters.
Tonight I wanted to post a question I have been thinking a lot about lately. "How could an investor best utilize property to lower taxable income"?
We currently own...

We are looking at selling a single family rental we have in the Portland area and buying another house in central Oregon - ideally we would like to build an ADU on the same property and live in the ADU while keeping t...