So we purchased our third flip and will be closing either end of this week or beginning of next. Purchase price is $210k and we are looking at a maximum of $50k in renovations. Hopefully we can get this completed befo...

I have worked as a restaurant designer for about 4 years in Toronto and now work as a art director (set design) in the feature film industry. I've invested time into real estate in northern Ontario. I built a house wi...

I am shortly doing a 1031 on an investment property and really there's not a lot clear on how you compute the cost basis of the replacement property or properties.   From best I can tell the cost basis for the new pro...

Hello all! Hope we are all living the Dream! I know that I have started to and want to continue to succeed in Real Estate Investing. My name is Billie. I live in Chicago, IL. I have been in the real estate business fo...

I have a rental property with the following situation:-$155K of passive carryover losses-$100K of depreciation taken-$700K adjusted cost basis (purchase price less depreciation)- $775K net sale (selling price less rea...

Hi everyone, 
I have two properties that are under contract and will be closing in the next 20 - 30 days. 
We thought we may keep one as a rental but received great offers on both that we wanted to move forward with...

We signed a contract to purchase ($700k) home and entered into escrow. The home inspection showed a lot of repairs, so we decided to cancel the contract. My realtor sent “Cancellation of Contract” to the seller.
The ...

Hi everyone,I recently came across a property that I am considering purchasing as a primary home (possible future rental property), and I would greatly appreciate your advice and insights on whether it is a good inves...

Hi all,Starting this week, I am going to begin weekly market updates for the San Francisco Bay Area, East Bay specifically (Pleasanton, Livermore, Dublin, San Ramon, Oakland, Berkeley, San Leandro, Hayward, Fremont et...

Hi everyone,I'm doing some excel modeling to analyse properties and I have a couple of questions regarding losses carried-forward. Until today, I thought that a passive tax loss for a given year could be "stored" to o...