Hello BP Friends, Can we do a 1031 exchange on an investment property we bought 9 months ago? Is there a tax implication? What are the things we should be aware of when performing a 1031 exchange? Please educate.

I was given a property some years back as a donation.  So the property is free and clear of any debt.  Unfortunately, I was not able to use it as rental property and start my venture into real estate investing until n...

Dear BP members, I started my journey Oct 2021 and am about to close on my 3rd property next week. BP helped me start the journey and I have come a long way. 
In my journey I have learned a lot and here is what I wan...

Does anyone have any information on the Franchsie Tax for LLCs in Texas. I'm a small investor and want to know how it will impact me if I go LLC.

Thanks

Lets say there's a two car garage connected to the home itself using this property as an example: 2292 S Sherman St, Denver, CO, 80210 | realtor.com® (strictly an example to imagine) Is it legal to physically demolish...

@Brandon Hall    @Natalie Kolodij      @Linda Weygant  CPA <3 What's the best way to account for business expense deductions during a joint venture flip? I have read websites like http://www.double-entry-bookkeepin...

We are looking for a program to help analyze deals, create a detailed budget, and then track our expenses for each project. Currently using excel with multiple spreadsheets and box.com to keep expense records, needing...

Hello! I have a 8bedroom 4.5 bathroom house in southern AZ with a pool and great mountain view. It was used as assisted living in the past. 
 I'm very new to this market. I don't want to get into the operation part. ...

I want to begin rehabbing houses. I know I am not at the point where I can start because I need to educate myself more on the subject. I know that I would need to utilize a hard money loan as my best option for the ...

Hi All,I want to confirm if I understand tax implications of a rental property correctly.  The biggest confusion point for me is if rental income is taxed on gross income or net income (I think it's gross?)Here's an e...