Ok so I sold a property for 1,050,000 cost basis was 175 exchanged for another property for 860k. I was thinking my capital gain would only be 15k. Accountant says I will owe tax on the whole 190k I got back. Man I ho...

I've just sold a house in Pennsylvania and offered a seller assist of 3%. At closing, I was informed that the buyer's lender has a 2% seller assist limit. So the house sold for the original agreed upon price, however,...

Hello BP,I've recently become a full time real estate investor in the greater Knoxville area. I'm getting started working in wholesaling in the area with a goal of learning to become a successful real estate investor,...

It just sunk in for me. Can someone with closer ties to taxes verify this? I saw this Forbes article which states: "Trump has proposed cutting the corporate tax rate from 35% to 15%. Significantly, this proposal would...

I have a property that I'm in negotiations with the owner.  He bought the place several years ago for $500K and has an additional $150k HELOC on it that may or may not have a balance.  I have an offer on the table for...

I just processed my 310th Deal in the Non-Performing 2nd Mortgage Space. 202 Workouts & 108 Discounted Payoffs. Feeling Blessed and Thankful.

Hi All,I just closed on my first property in the 27606 zip code! It is in need of light repairs, can anybody recommend plumbers, electricians and/or handymen they have had positive experiences with?Thank you!Parker

Hi all, I finally purchased my first rental properties this past Fall after researching and learning for the last 6 months. I have 3 properties (2 sfh and 1 duplex). Now I’m ready to setup my quickbooks so I don’t hav...

The end of the 1031 exchange.... It's a statement that seems more fit on a sandwich board sign wandering a street corner right next to "the end is nigh" yet, here we are in a living reality where it was not only spoke...

I just sold a SFR rental property for another BP'er who lives out of state - we just went on record at the Registry of Deeds a few minutes ago.I knew that the market was very hot in Quincy, MA where the house was loca...