I just purchased my first home this past July. It's a 2 unit house that I'm currently using as my primary residence, and renting the second unit. I had to take a FHA 3.5% down loan so my mortgage is high. I created a ...

All 1031 experts!I sold a condo in 2006 and used a 1031 exchange to buy a townhouse.  This year we will sell the townhouse.  I'm having a hard time calculating the taxes owed.  Depending the taxes, we may just to anot...

Okay so been talking to a CPA and they are telling me that I can't take a previous year's expenses and apply them to the year a spec home is built because I run on cash accounting.  I want to know what my options are ...

Can a pre-taxed self-employed income (pass-through entity) be used to purchase a rental property? 

we are selling a property (rental for past 7 years) and need some guidance on how to calculate Capital gain and depreciation. Property was purchased for 210.000+closing costs (about 3.000) in 2001. In 2011 it was conv...

I just moved back to the USA and want to buy a property. The property will be my personal residence (VA loan requirements) but it will be a house hack as well. I am planning on getting 2 roommates to cover almost, if ...

Hello!  Newbie here looking for advice:While I saved up cash for real estate, I didn't want the money just sitting in a .05% interest rate savings account, so I moved it to a brokerage account and invested in relative...

Hi All,

I am wholesaling a property by selling the LLC I created for the property. My question is, what contract do I use to represent this agreement to sell and buy the LLC? A regular assignment contract doesn't...

Hello, BP members!I am in search of a good RE accountant in LA and if anyone can recommend me one or two- that would be great! Ive search BP but found only one tax accountant all the way in Long Beach. I am trying to ...