I just purchased a 21 unit apartment complex with a lot of problems. I started cleaning it up - 3 unit evicted in the first month and two more in the way - all of them professional tenants. But this month I got a new ...
I can find many articles on how to structure a lease option so it does not look like a disguised sale, however I want my lease option to be treated as a sale in the year 2012.
Background: My personal house is for s...
I have a foreign investment house and I sold it recently, how do I report the sale to IRS now? I don’t want to wait till Apr 2021 and pay a whole bunch of penalty for not withholding enough tax due to this capital gai...
I have a house in Irving Texas. I owe about $160,000.00. Zillow has its value at $303,000.00.I know I can't rely solely on Zillow, but I feel it gives me a range (+ or -).My question may is would it be possible to do ...
My buddy's girlfriend lives in a 4-plex. They recently realized she has bedbugs in her bedroom. She immediately called the landlord to report the issue and the landlord scheduled pest control to take a look the next...
Hello. My fiance has a house in her name that she would like to rent out in the near future. I've read about transferring to an LLC but most of the conversations deal with liability and not tax, which is my primary co...
I just purchased my first property yesterday at a tax deed auction. I always thought I would buy, then sell for a profit in the same tax year. But since it won't be sold until next year, I need someone to explain to m...
Hello,
I am a real estate investor interested in investing in Memphis, Tennessee, and seeking advice and guidance on the best short term rental neighborhoods in this market.
I have done some research, and I know th...
Hello BP Community!There are a few threads about this topic, but I haven't found one specific for my scenario. I have two applicants, both meet all minimum qualification standards. One applicant will be living with 3 ...
I have a single family home in Santa Maria, CA that my father has been living in rent free for 9 years. I have not claimed this as my residence, nor have I lived there. I am looking at doing a 1031 exchange for a trip...