If you're on BP, you probably already know that real estate is a smart way to invest and build wealth. There are many reasons for this - real property will almost never fall to zero, cash-flowing assets that also app...

I'm probably going to be putting off my big section 179 purchase until next year. But, say Biden gets elected this year, could he immediately cap section 179, so it becomes effective for the 2021 tax year?

Hello all First post! My firm is purchasing a MF property from this couple in their mid 70s-80s. They purchased the property in 1992 and are looking to avoid paying capital gains tax on the property. What would be the...

So I was looking at two really good starter deals in 77389 and I just got off the phone with Klein ISD.  Taxes for the properties ($110K homes) w/o homestead exemption will run $5.6K next year.  I know Texas is high h...

I would like to purchase a property with funds from my IRA to use as a rental property.  I know there are rules regarding who I can and cannot rent to (like family members).   I would like to do a lot of the managemen...

Hey All! My friend is interested in doing a 1031 exchange with an investment property. Both him and his wife currently own the property in their personal names and plan to maintain that ownership structure when sellin...

My LLC is domiciled in NJ. It holds a couple of LLCs that own property. I’m looking at properties in Florida and may move there. What is the best way to acquire new property in Florida? In a Florida LLC? Create Dela...

I’m selling a single family home to my tenants and want to use he profit to buy my first duplex. How can I use a 1031 exchange to avoid paying taxes. Is this something I have to hire an attorney for? Also, does all th...

Hello BP community,

As an investor who just got my own real estate license, I want to know how much commission I could credit to the closing cost and pre-paid items for my own purchase transactions.

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When looking to purchase a home, there are many details to take into consideration. Many people look at the location, features of the home, and, most importantly, the price. While the initial purchase is important, ma...