My wife and raise and sell cattle and started an LLC partnership in GA a couple of years ago with Operating agreement and annual meeting minutes, and all that is required. We also had an attorney draw up a Quit Claim ...

I have a question regarding probate vs lis pendens. The property goes to the judicial sale (homeowner deceased, left balance on the mortgage) but looks like there is a probate involved as well (probate was recorded a...

Hello,I'm considering getting the PRO account, but this brings up the question, how do I manage my finances related to Real Estate?I will need to keep track of all my expenses, profits etc. But is it easier come tax t...

Dear Biggerpockets membersA section 8 tenant of mine filed a conversion lawsuit against me claiming I was responsible for her missing belongings worth $100,000. I got a lawyer, she lost the case and I asked the judge ...

NRIA has filed for Bankruptcy.Are there any investors here I can connect with to take next steps for recovery?
Please contact me directly at the email  on my profile.
Thank you.

If someone is insolvent at the time of a shortsale and is issued a 1099 for forgiven debt, does filing insolvency with the IRS affect a person's credit? Does the IRS report to the credit bureaus? It would seem that i...

Hello BP fam,I recently had a collection agency report a delinquent medical bill to the 3 credit bureaus. It dropped my 800 fico score 125 points. What would the best course of action for me to take in order to get th...

There have been a couple of posts about this in the past but no definitive answers came out of them. My question is why would someone set up an LLC and elect to be taxed as an S Corp instead of just taking the S Corp...

I am a Fraud Examiner by trade. Since 1999 I have had the privilege of aiding attorneys and the general public in exposing lender or creditor fraud.