So interest rates are tanking so I was about to refinance and take cashout from some properties.But, speaking with my accountant, I found out that interest on the refi will not be tax deductible because I am not plann...

Can you 1031 exchange a property owned by an LLC? Can you 1031 exchange 2 properties for 1 property. For example if I had 2 rentals and wanted to 1031 exchange them into a 10 unit property is that allowed? How long do...

I have to give a shout out to Bigger Pockets!  I am a regular listener to the Bigger Pockets podcasts when I am doing chores around my house and my STR property.  A few months ago, I was listening to a podcast (I thin...

Hey Everyone,We have just moved into another home recently.  We lived in our recent Residence for 12 years.  I am considering renting out my old home and understand that we will lose our mortgage exemptions on taxes. ...

I wish I had a cape covered goverment official [paste picture here] wearing their underwear on the outside of their pants (not too different from many in the house of representatives) coming out to announce the 300b d...

I'm buying a property and trying to finance the deal. The money is coming from a 4 member LLC 1031 exchange. Can i purchase the property and get the loan under the 4 members names so i can get a regular residential lo...

I have 2 rental properties. One is under A LLC and the other is under B LLC. Both LLCs have the same shareholders. My questions are:
1. When we sell both properties, can we do 1031 to buy one property under B LLC onl...

Jan 1st of this year I combined rental properties with a partner.  He transferred two properties into my LLC in exchange for equity ownership.  The LLC prior to this event was a single member LLC.  One of the properti...

I have been wondering if it would be a good idea to purchase my first multi family property under an LLC, due to the requirements of the 1031 Exchange of having to buy your next property under the same name.  My goal ...

I see a lot of confusion on owing the IRS while under extension. Here's how the system works.
1. Extension that you filed on April 15 does give you time to file your taxes until Oct 15. But it does not extend the tim...