Deciding if I should continue renting this property or to sell-off. I moved out of it to move closer to work so I'm 45 minutes away from it. 
Current Mortgage: $161k Balance @ 4.625% 20 years conventional- 12 years l...

I am still very new to this so please excuse my ignorance. What are the pros and cons to owning a rental property outright? It seems that cash flow would be significantly increased if you can pay a mortgage off, but t...

Hey everyone,My name is David, I've been listening to the BiggerPockets Podcast for several months now and was happy to see that there seems to be a passionate Canadian community here. I'm 25 years old, living in Otta...

I just closed on a flip today and spoke to the attorney about setting up an LLC. Ive done several flips now and have rentals so i think its time. They suggested i do two LLC'S so that i have one for my rentals, and on...

Hello!  We are looking to start AirBnb'ing a property and wanted to know about taxes.  I assume all income made off the property is taxable income so what's the best strategy here?  I was looking to take out 20% of in...

There have been many rumors from various sources recently about limiting the 1031 tax-deferred exchange. Now we see that the President wants to eliminate all tax deductions, except for mortgage interest and charitable...

My husband and I own rental property together, we are both on the deed. My husband qualifies as a real estate professional for tax purposes. We want to use that to offset my income, as I am the higher earner (I have a...

Does anyone have any recommendations for a CPA, I don't have a very complicated tax situation but I am looking for someone who can teach me more about taxes as well as get my taxes filed next year. Thanks for the help.

Im wondering what others actual expenses are for mortgage recording tax. From my research (I live in nyc) mortgage recording tax for a $600k mortgage on an $800k multifamily is a hefty $11.1k (roughly - but im calcula...

Hello All,I will be purchasing a duplex that I plan to occupy while renting the other unit. If I sell the home after 2 years will the profit from the entire sale be tax free, or just 50% since half of the property was...