Hello Biggerpockets members, Last year, my wife and I bought a Miami property with 2 detached homes on it (1 mortgage). We are renting (was already rented) the smaller 1,400 s.f. home. The larger 2,100 s.f. is our pri...

Hello BP family, I had question about 1031 and reverse 1031 exchanges. I know this is  an oversimplification, but coming from a legal background Im trying to understand whats going on in a 1031. My impression of the p...

Please help me understand the Capital Gain implication on tax liability for the following scenario.Purchase Date: Aug 2012 (Bought as Primary residence)Lived There: Aug 2012- Sep 2014 (24 months)Rental period: Sep 201...

HelloI have 3 rental properties and want to double check for depreciation best practices.Rental 1 Net income : -13,500 (Due to a lot of repair/renovation)Rental 2 Net income : 6,000Rental 3: 3,000So i thought, I don't...

I am looking tonopen a sober house in the Long Island area. I will be opening an LLC to limit liability, knowing full well the tax implications are identical for LLC vs. personal ownership in buy and hold situations.
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Hello, I have 6 rental properties under an LLC that is equally owned by me and my soon to be ex wife. We are going through a contentious divorce and I would like to buy her out, but apparently thats not very easy.If w...

Hey Guys! I've been bingeing the BP podcast and and dozens of real estate books over the past year or so, so I think I'm ready to jump.in with two feet.

Only problem is, a lot of this stuff doesn't seem to work in Ca...

Hi there! My name is Adam. I live in Adelaide, Australia.Have been a part of biggerpockets for only a week now and I’m loving the content here! Love what you guys are doing. I’m actually reading Brandon Turner’s ‘the ...

I am in the process of buying my first property. I will be setting up an LLC as well. How do most people manage the money for their properties? Should I setup a separate bank account and have the money flow in and ou...

Hi folks,Working on getting my holding LLC off the ground. I'm going to set up my LLC in Wyoming (even though I live in California and properties will be located in other states, Wyoming has very favorable LLC laws).I...