I am purchasing my first flip home. My plan is to reinvest the money into my next project and I will be holding the properties for less than a year. What sort of taxes should I expect to pay and what are the best ways...

Debating Tax lawyer or accountant for this and next year. Here are my situations:
1. I will be first time home owner this year (hopefully). 
2. I work in PA but lived 2 states (PA, GA) 
3. I have cash from oversee ...

Both seasoned and new real estate investors have a powerful tool: the 1031 tax-deferred exchange. This strategy allows investors to defer capital gains taxes when they sell an investment property, provided they reinve...

Good morning,I'm selling a rental property which is excluded from capital gains tax under the primary residence exemption. We have substantial closing costs on the sale, primarily transfer tax and realtors' commission...

Hello,

I own a 2-family I bought as owner occupied.
Market value around $225k, I owe $179k.
I tried to get a loan for another 2-family as owner occupied. One bank wouldn't even talk to me unless I bough...

Ok here’s the scenario and rationale:My dad retired a few years back, he’s got a great pension. He parked his buyout money in a 457 plan. He’s got a good rental property that fetches $1450 per month. What he owes on t...

So I have started listening to the podcasts on BP and I hear them discussing using private money along with bank loans to purchase the properties. I operate my rentals and some flips under an LLC and am able to acquir...

Hello everyone. My name is Judi and I've been flipping houses for 30 years. At the beginning it wasn't "flipping" so much as living in a house a year or two, selling it, making a profit. Then I found myself out in Was...

Hello BP! I just began working with a local wholesaler in order to become more comfortable with the specifics of wholesaling in Alameda County. I wanted to be very proactive and begin bringing her leads on my own, and...

HiI live in California. I took out a HELOC on my primary residence and used the funds as a deposit on another property which then became my primary residence.  The previous primary residence was converted into a renta...