I wrote this blog post the other day and thought I'd share it here to share as well! Have you heard stats such as “80% of millionaires attribute their wealth to real estate”? Or heard stories of living the good life o...

So I’ve done a few flips and wholesale deals with varying degrees of success. Getting started as a REI has been a lot of work which I enjoy. The more I get into it the more I realize there different levels of investor...

Someone gave me some advice that sounded too good to be true so I want to verify. If I own a home for 27.5 years and have taken the depreciation expense every year, then I sell the house (for easy numbers let's just s...

We decided to add an addition, master bedroom/bath, to our rental house. It did not go as planned and need advice on how to report expenses with no current rental income on my tax return. The rental house was shut do...

Looking at alternatives to offset or defer capital gains. Yes I know about a 1031 exchange so that remains a viable option. But I’d like to have more freedom with the monies such as buying on auctions or other investm...

I recently bought a duplex and am going to rehab one of the units. It should cost me around 5-8k to do so. In the mean time I sold a property and profited about 38k. I know i will have to pay taxes on the 38k. My ques...

I've read a lot about how taxes are calculated and i'm wondering if someone can review to see if i'm on right track.   Thinking of selling two family and want to get everything figured out. Original Cost + Improvement...

Hello,I bought a new primary last year and rented my earlier home as I am able to cashflow $200 per month (this is thanks to 3% interest rate). If I sold the unit today, I will walk away with $100K in profit after age...

Idea is to get an outdated SFR or a multi-unit. Where I can add value either by renovating and adding more square footage or an ADU if it makes sense. Depending how outdated the property is, I'll either get a contract...

Hello BP,I’m trying extremely hard to get creative enough to make a deal work for seller and their family here in San Diego (lead came from hand written cards FYI). My wife and I would really like to owner occupy one...