Hello all,I just purchased a property in Laytonsville, MD Montgomery County where the existing structure needs to be knocked down and put up a new structure. I am contemplating putting a prefab home on there, but woul...

Hello BP ! Can some one suggest me in the following situation what will be The Capital Gain Tax !! I been waiting to hear from my CPA and have to make decisions ASAP.Date of purchased:- 2011 lived as a primary residen...

Hello All! This is our first post on Biggerpockets, very excited to start engaging in discussions about RE investing :) So my husband and I have a piece of land  in Brookesville, MD that we'd like to build a single fa...

Hi BP People!I live in Washington DC, and I'd like to turn my current condo into a rental and start house hacking by buying a multifamily property. Unfortunately, there are so few of them available and the competition...

Hi everyone,I am new to this and exploring my (very competitive) options in Maryland.  I am running the gammit on buying single townhouses to BRRR, SFH, commercial options, Vacation Rentals, and building townhouse com...

I haven't found much direct info on the benefits of investing in properties located in states like Texas, Washington, and Nevada. I assume there must be positives even though I am a resident of CA.Would REI in these t...

Hi Everyone!My wife and I live in NJ but own rentals in Indiana managed under IN LLC and its parent WY LLC. We are members of WY LLC with 50-50 ownership. My CPA says 'since both rentals are in another state, it is di...

Just curious if the loan product used impacts how one files taxes?  Example, if we use a 10% down second home loan but are planning to use the home as a STR, does IRS know or care how it was financed or just how we re...

I have purchased my first BRRRR property with private money provided by my mom. I am not sure which documents are needed in order for her to only be taxed on the interest she receives and not the principal payback. I ...

Has anyone did partnership where both parties are in for mortgage loan & downpayment/closing cost? How does this impact tax returns/ benefits? Like how will each party claim expenses for write offs and how will ea...