Hello, I am trying to confirm how the IRS requires me to calculate the cost basis of an owner-occupied duplex for calculating my capital gains. I think I know the answer, but I am also hoping I am wrong because it doe...

If I transfer a property into an LLC does that start the 90-day seasoning requirement for FHA loans over again even though I am the member of the LLC?

Thanks.

We partner with a guy who does fix and flips.  He buys the house and does the rehab.  We loan him the money both to buy the house and do the rehab and we share in the profits when it sells.  We don't charge interest p...

Hi CPAs, David Greene once mentioned taking 15 properties where you own them free and clear and doing a loan on one every year for 100k for a 15 year term and every year doing this with one of your properties to live ...

Hi,I wanted to make sure I understand the difference between the two because I am considering this avenue on few of my properties.  Here are my understandings of the two:Land Contract:Buyer usually pays small down pay...

Hi BP!!!I am interested in getting into real estate and looking at a 6 unit multifamily for $250K.Before I proceed I was wondering which is the best option:1) Get a conventional loan with 20-25% down?2) Get a loan fro...

I just recently opened a self directed IRA and have not purchased anything yet but I have been looking. I was wondering if I purchased a place and did the repairs myself can I pay myself like a contractor or would ...

In a property I recently purchased, I gave one of the tenants a Notice to Terminate.  Not only were they giving me the run around with respect to rent but they had four cats in the apartment and were very dirty tenant...

Landlords, do you rent to people with recent bankruptcies?  Normally, I would not consider it.  But, thinking about it, they have serious issues in managing finances, but I think they can not refile for a while, so in...

Hello:I purchased a rental in New Britain, Connecticut about two months ago. I have since been busy doing renovations to the property and getting it rented out. These processes are nearing completion now. I am current...