Hey everyone, I have a sfr split like a vertical duplex. The basement has a separate entrance and is doing well on Airbnb. The rest of the home has 4 (potentially 5) bedrooms that I want to rent as individual rooms me...

Under Sec 469: A taxpayer qualifies as a real estate professional if (1) more than one-half of the personal services the taxpayer performs in trades or businesses during the tax year are in real property trades or bus...

I have a SFH with equity that I will be selling and 1031 exchanging for a commercial/mult-family property.  Can I legally syndicate the new acquisition, and if so, will this just create a tax accounting nightmare?Ahmed

I've created an LLC in Broome County, New York.  It's time to decide whether to leave it as pass-through taxable or choose to have it taxed as an S-Corp.  My plan is to use the entity to hold my buy & hold propert...

Hello Everyone, I am looking for some general information on 1031 Exchanges. I have read the guidelines on the IRS website, but wanted to confirm some information. Lets say for example I own a property worth 250K, but...

My wife and I live
overseas ~40 weeks out of the year. We visit our former home area the other 12
weeks (4 visits x 3 wks/visit) to manage/renovate/grow our 7-property investment portfolio and to tend to personal ma...

We have been investing in real estate for over 20 years but always buy and hold. We are selling on our first flip and I have another house under contract. I would like to file a 1031 Exchange to differ capital gains. ...

Hello all,

What are the best tax preparation practices for house flipping? I utilize two methods of home repairs: rehab then rent; or rehab then sell (the typical flip).

Would my tax planning differ in each of the t...

Hello Friends,I encountered with the first tenant problem.I own a 3bed room unit in Windsor, Ontario, Canada. Rented, tenant moved in on 1st of this month, signed the 1 year lease(have all the papers signed), paid 1st...

Hello BP,I am looking for some opinions on whether I should lease to an applicant or not. Here is the scenario:The unit is a 3/2 duplex unit for $1550 per month with a $3100 Refundable Deposit.  The unit has brand new...