I have a one family house renting out the top living in the basement. My CPA says when I file I should not file showing the rental income because if I want to sell then I will not get the 250,000 tax free allowance. I...
I help investors purchase investment homes in my city. I have many clients who buy from me and I do a great deal to make sure they are happy. Lunches, dinners, gifts when they purchase, time invested driving around ...
Can I sell a spec home and turn around and use the profits to buy a vacant piece of land that one day I will build a home on for Primary residence under the 1031 exchange rules?
I am wanting to form a LLC, I do not feel the need to pay a lawyer with all of the info available on the internet today - but much of it is not reliable and I have not found a definitive resource with this info clearl...
Can anyone direct me to any good (sourced) charts/graphs that show why buy&hold real estate is a much better investment in the long term than the stock market? Pulling together a presentation and wanted to show a...
I am in the early stage of selling a multifamily with a net proceed of around $750,000 in a 1031 exchange looking for passive investment strategies. The OC market where I live seems very competitive and I was wonderi...
What is the tax treatment for the different income streams from Lease Options? Is the Option fee self employment income (business income) when rec'd by a "future potential buyer"? Can the monthly income be "rental i...
Hello BP!We are considering purchasing a distressed home - it has a pretty bad mold problem. We planned on gutting the entire house down to the studs anyway - my question is will this go a long way to solving mold iss...
I live In New york and I'm looking to start my REI via househack. Being that this is all New to me, the one thing that worries me is landlording. Having the emergency funds for random repairs and so on is my biggest ...
Hello BP!I am a newer investor and am hoping to protect my assets. What would be the best type of business entity (or company) to start if I'm planning to have long-term rentals, fix and flips and other real estate tr...