In your opinion, what is the most effective way to establish an LLC? Should each property be allocated its own LLC, or should one LLC contain all properties? Please share your thoughts.. Thank you for sharing :)

Hello BP! I have a few questions regarding the sale of my four unit apartment that should be a CPA's dream! I bought the building in 2013 for 74,000 as a three unit that needed work. I since converted it into a four u...

My Wife and I are looking to move into our first House Hack soon. I have a general question as when is the best time to start an LLC. We will also be managing a family property and looking to grow our portoflio over t...

Hi all. Here is my current situation

Property 1: A recently purchased SFH in Raleigh. I put 20% down and have a 4.62% mortgage on the other 80%. The property cash flows $200/month. I have $4,000 in reserves for v...

Hi, I am purchasing a commercial real estate (offices). here is the data:1. Cost: 1.1Mn2. Originally went into service in 1965 (55 years ago)3. Assessed land value if 70% and Building is 30% per the county4. Useful li...

Hi. I purchased two properties in 2016 and am having a hard time understanding how to evaluate depreciation. My accountant said that depreciation will be against the value of the land, not the actual home. Is this tru...

Hello BP,First and foremost, huge shout out to BP. I would not have gotten this far without it.Currently on the tail end of my first Re-Hab project which should be wrapped up within the next couple of months. Once the...

I am a Realtor and investor right outside of Philadelphia in Montgomery County Pennsylvania (Blue Bell/Ambler). I have been looking for a market where Multi-family properties produce good results (say maybe 1.5 %) whe...

Well, that's interesting.

I was talking to my carpet cleaner yesterday and learned that the local housing authority has asked him to drop his cleaning fee by $40 per house because they are broke.

Then he tells me t...

I am looking for advice on how best to track and structure my expenses to get the most tax benefits.  Currently my wife and I own two properties in the Cincinnati OH area and have just completed the renovation of our ...