Hello BP!

I am looking into getting into flipping properties technically for the first time. I have experience with renovating properties, as the first 2 homes I bought were fixers (one I lease now and the ...

Hello all.As I was preparing my tax returns, I realized my 2019 AGI exceeds the IRS income limits for full contributions to a Roth IRA, which carries a 6% penalty for every year the excess along with its corresponding...

Hello,I have started to investigate obtaining a house through a sheriff's auction in Monmouth County NJ.  My plan is to buy a single house, do repairs and upgrade and possibly sell in a few years to reap a tax free pr...

Do any custodians allow a checkbook control for the SD IRA?
From what I found so far only Guidant offers this feature. Please chime in.
Thanks

I'm just getting started out in Chicago and am wondering why there is such a disconnect between the county assessor's value and the market value of properties.For example, I've looked at several MFHs on the market in ...

Hi all,Here is my basic case to understand depreciation when a property was bought using a 1031 fundMy primary residence was sold with a capital gain of $200,000A new house of a listing value of $350k was bought with ...

I have been building a new construction single family, and will be done in March. The plan was to rent it out for 1650$ once completed. All in costs are around 160-170K. Appraisal is 208k.
However, I’m now getting in...

Hi there, I have a tax related question. Things moved quickly these past few months, which has resulted in the creation of an LLC (S Corp status), Real estate sales commissions, & rental income. Current status: Re...

Hi All, I just joined BP as I'm starting to get interested in real estate investing. with single income family, i'm looking at ways to make passive income.  Here are my questions (forgive me if they are basic)What is ...

What's up guys,First time investor here in Florida, west palm beach area.Im about to close on this property, home inspection is tomorrow.500K duplex, 3 Bed 2 Bath each side. 2300 Sq ft total. Has decent size backyard....