Can I rent out a couple of room of my house and do 1031exchange after 3 years

Hi everyone, I've been devouring some recommended books over vacation and one book made a point that actually blew my mind.  It stated if you buy a $50,000 home with traditional W-2 income, I truly"paid" $75,000 pre-t...

I heard somewhere that there is a seven dollar per diem write-off allowed for food when visiting a rental property. Does anyone know if this is correct? Seems a little low.

Hi Everyone! I am located in Northern CA and after some serious conversations with a close friend of mine for years, we decided to partner up and start fixing and flipping homes, specifically in the East Bay market. M...

I am interested in buying a 2 unit commercial property with an SBA loan.  I have 1031 Exchange money and my own cash to fund this.  In the larger unit I want to open a business and I will lease the smaller unit.  Both...

I just paid off a rental property in Chicago. It's worth about 500k in equity. The rental is giving me about $3,900 rental income a month.I dont have another property. I had a second one but sold it in 2024 and invest...

I recently did a cash out refi on an investment property to pay off the line of credit I had used for the downpayment on said property.I have about $5k in funds left over, and I'm trying to figure out what to do with ...

I just recalled that when in NYC i needed(?) to use an attorney to close on my long-term multifam flip (usually at 2 yrs owned/lived in) and usually the first words out of lawyers mouth was 'why don't u do a 1031 even...

Hello fellow BP folks. I’m finishing up an extensive four unit remodel and I asked my accountant about which specifics I need for cost segregation she said ‘what is that?’ I then asked how much RE she owns.... you see...

Hello,

I've modeled my investment property cashflows in excel. In my model, should I be counting the depreciation tax shield as cash flow? Logically, it seems like it is cash flow since it is indeed, cash in my pock...