I’m in escrow and today I almost got scammed out of 1 million dollars +.A scammer intercepted some emails and pretended to be the escrow officer from the title company. They sent me wiring instructions for over $1 mil...

Sorry for the Tarzan title, but I think it covers the bases. So I’m a W2 wage earner in the 33% tax bracket and my wife, who has no income, logged 750 hours on our rental house last year to qualify as a real estate pr...

Hello everyone!  I know the criteria to be a RE Professional is 750 hours in RE and more hours in RE than any other job.  My accountant told me that I need to spend 750 hours PER PROPERTY which does not make sense.  H...

I have a contract with a Bank to buy an REO condo in Florida near Boca Raton. It will be a second home, I am paying cash, $100,000. I have bought and sold more than 200 properties in my life, about 60 of those have be...

I am under contract on my first investment property in Kirkwood, closing in a week. It's an incredible school district, and I was planning on getting it marketed to rent to coincide with school starting. I know the pr...

Hello, I am a new here, I am purchasing a triplex with current tenants that has been there for decades, after inspection we found out that the units are not safe to stay with many major issues, roof leaks, subfloor in...

I just had a tenant move in 8 days ago who signed a six month lease.  He texted me yesterday saying he wanted to break the lease because the apartment is too loud at night. (this is an owner occupied 3 unit, I leave r...

Hello! Looking for some input from landlords with rentals in the Twin Cities area. We are closing on a duplex in St Paul on May 26, 2021. The 1st floor tenant has a lease that goes through July 31, 2021. There is a te...

I thought I'd share a word of encouragement for those of us just starting out in the world of investing after receiving a very disappointing cakl from a real estate agent this morning. I am looking for my first rental...

Hi All,If someone moves into a property, (a single family - for example) that was purchased through a 1031 exchange years after purchasing it, what would the tax consequences be? To clarify: the purchaser never had an...