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 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...

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...