Hello everyone. We are looking for a tenant for our first rental property. One applicant is a tattoo artist so basically self-employed. We asked to see tax returns and what she has reported as income does not meet our...

Hi all,I have this combo-strategy dreamt up, and I'm curious if anyone (especially tax or 1031 experts) has insights or opinions as to whether or not the IRS would drop kick this right out as taxable boot in a 1031.*D...

Hi I want to use a 1031 exchange qualified Intermediary for the first time. It appears there is a lot of research that needs to be done to find a good one. Does anyone have any advice on such a company, that they have...

Hey all,2018 was my first year investing and I took a loss on my first property because there were repairs and upgrades I wanted to make. I’m taking a loss for 2018 and want to know what the loss is good for. I’ve hea...

Hi BB Blog!I have a single family 2bd/1ba home (built 1940) that's been eating more money than it can make. I've put it on the market for 65K and was advised to do a 1031 exchange. I want to use this money to invest i...

Hello everyone,So I lost my job of 19 years so I think now is the time to get things going in a RE business. I want to start out with flipping homes. Not really interested in buy and holds......yet. So I want to roll ...

Hello,This is my first time filing a Schedule E (Real Estate income)  and had some basic questions.1. I have a Townhome, what property type is this (1.b. on form)? SFR / MFR?2. My property manager gave me a 1099-MISC ...

Hi! I've talked to 2 CPA's and have received completely different information, so I'm hoping someone here can clarify!I have purchase a SFH (with hard money) that I intend to live in and share with renters (house hack...

Are you still putting your money away in a retirement account?
Are you maxing it out?
Are you getting the bare minimum employer match?
Or are you parking all your money in a liquid account to be ready for the next ...

Just got our first rental property last year. We put in 25k in rehab plus it was not rented until 2017. My accountant said "Because it was over 150000 (taxable income I assume), IRS carried rental loss over to next yr...