Hey! I'm about to jump in with my first multi unit property. I'm wondering what the best 203K team in Pittsburgh is. Much thanks!

I'm curious as to what is considered "supplies" or "cleaning and maintenance" and also if I need to depreciate.Each year I purchase a lot of mulch and annual flowers for my rental.  I do all the work myself.  Would I ...

Dear Neighbors, Colleagues, and Friends:
In the last month, we’ve seen our communities and our world change so profoundly that it often feels surreal. To that end, I hope that this letter finds you and your families...

I have a rental house that is high end and priced competitively for the neighborhood/sq. footage. I've showed the house to 4 prospective tenants and two expressed interest and said they wanted to move forward. I gave ...

Hi BP, This Portland market! Home prices are moving like crazy. Trying to catch a deal before rates hit 7%! My wife and I are searching for our second property in North Portland.  Our first was a 203K renovation purch...

Can anyone tell me if carryover basis restarts at 27.5 years in a 1031x, or is it excess basis at 27.5 and carryover picking up where it left off? Having trouble finding the answer. Any help is very much appreciated!

Hello,
I am considering using the Seattle STFI process to add a 1 story, ground level, less than 750 sq ft addition to a house I own.
I have used the STFI process previously to remodel a kitchen, with me doing the d...

So I've done a few flips using hard money and I'm running into the issue of them sending out their inspector to verify work, however between the time that I sent the lender the SOW (while in escrow) and the time we ac...

I have my rental real estate principal and interest mortgage payments going out of my LLC bank account. I believe only interest and real estate property taxes are tax deductible. How do I account for mortgage payments...

Hello all tax professionals on BP, I would like to reach out to the knowledge base to see if any of you have dealt with a similar situation as addressed below and how to properly handle it. Thank you in advance!Topics...