I was curious if anyone out there in biggerpocketsland knew of a good book or guide  concerning tax savings for an upcoming sale . I decided not to do an exchange. Besides contractors work and depreciation I am not su...

When house hacking, my understanding is that an LLC or business entity isn't possible, which makes perfect sense. Of course, you're still making money off of the other unit(s). Just want to confirm that you report tha...

I converted my primary residence into rental last month . How will I be taxed if I only rented the unit for 4 months this year ?

I just purchase a property to flip.  I was just broken into and copper stolen.  Damages are about $ 1000.00 over my deductible.  This is my 1st house.  If I submit the claim to insurance, will I have a problem getting...

Hi BP Community,I have heard many people mention pulling equity and/or lending against their life insurance policy. Does anyone have experience or knowledge on this topic (life insurance policy/company specifics, poli...

Hellp BiggerPockets community!
My wife and I are very new to real estate investing. We recently bought an out of state property in TX. Our lender let us put the title of the property under a LLC but the mortgage is i...

My wife and I co-own a house with our adult son. the house is our son's primary residence but not ours. We are selling the house and would like to avoid capital gains taxes. Does the fact that it is our son's primary...

For tax purposes is it better to do hard money loan draws or pay cash for repairs? Current scenario: House under contract for $105k, needs $15k repairs, ARV of $170k. HML terms are adding $30k to the purchase price wh...

I currently have 10 units, 4 paid off. 
I have enough umbrella to protect them. Since they are all under my personal name currently so lawyers will be able to find them easily if there is any lawsuit against me.
So ...

Wondering if anyone knows the answer to this tax question
We have a multi unit (8 properties). If I were to convert one of the units to a short term rental (Airbnb)… does this qualify me into material participation s...