I have a client that bought a primary home for $100K in 1989 and the home is now worth $1 Mil.  They have divorced in that time period and own the house solely now.  They have put about $50K worth of improvements into...

Hello all,I have a dilemma involving tax issues on a property I own.In 2010, I purchased a single family residential property. It was purchased by my (solely owned and managed, I have no other employees or officers) T...

After being in the business for almost 30 years, I think it's time to sell my singles and move on. I'm torn about doing it for a number of reasons but mainly because after netting out, there's nowhere I can put the mo...

So for background, I have been house hacking in North LA county for a few years now. Since then, I've come across Biggerpockets and last year I started seriously looking for a second property. This month I got a large...

My wife and I purchased our first property in 2013 and just closed on the sale after renting it out for 4 years. We made $170,000 on the sale of the house. We want to invest most of it in real estate. I'm an Apache He...

We’ve outgrown our family home, but instead of just selling it, we wanted to keep it & rent it long term. $200k + equity in California home. Hoping to transfer to LLC? Good idea? Thanks!

Debating whether to use my flip profits into reinvesting in more flips and continuing that cycle until the market cools down and then switching my strategy to buying and holding (when it becomes more of a buyers marke...

Hi folks,
I purchased a 4-plex in January 2020 with the intention of renting one unit out as an airbnb and the other 3 as regular unfurnished long term rentals. I purchased all the furnishings to get the Airbnb unit ...

I just turned my former primary residence into a rental this year and it's going well.  I'm trying to get all my ducks in a row for 2017 tax time.  My question is what is the best approach for using my cost basis to c...