Hello everyone, hope all is well. I am currently selling a home for a client and have ran into an issue. With COVID delaying many normal processes the procedure of getting a FOIL has been greatly delayed in NY. The ho...

I have a question for the wholesalers out there. If you technically have a property under contract during a wholesale deal, why can't you use a 1031 exchange and put your profits right into another property without pa...

I bought my primary residence in June 2017. On July 1 2020, I will rent it out for the first time. In our county , I pay 2019 property taxes in 2020. The next half year taxes that I have to pay will be in July 2020 at...

Hi, I'm interested in purchasing a rental property that is a duplex property with 2 homes on one lot and zoned for R2 with 2 addresses, 2 gas meters, and 2 electrical meters but the assessors site shows it as a single...

Question:When Getting  a HELOC, and using The HeLOC to invest in other properties, more so Flipping. Will I  still be Taxed if I flip a house and use that Flip money to pay the HELOC back ?Example, I buy3 few properti...

HI all, I recently got an offer for one of my properties that I purchased in April 2017. I have never flipped a house before and wanted to get the math straight before we decide to proceed with the transaction. (nice ...

I own one apartment which is netting about 7k per year income. I also am not able to itemize right now since I don't own my own primary residence. I do not have a lot of deductions in other areas. I'd like to postpone...

If you buy a rental property under an LLC, do you have to pay taxes on the income in produces? I'm located in Michigan.

I bought this property for 80,000. It appraised for 171,000 and I took out 137,000 and paid off the 80,000 mortgage and kept the rest to reinvest (57,000). I was wondering if I sold the property for 185,000 if I would...

Can my SD IRA write off expenses if it is the owner of a home? (I.e. new appliances, repairs etc)