Economic Update
(Monday, April 26, 2021)
While the nation was focused on a Minneapolis courtroom last week, there was also history emanating from a Los Angeles courtroom. A federal judge overseeing a sprawling la...

Would it necessarily be true that the more deductions you claim on your tax return the less a bank will lend to you because of your lower taxable income?

So therefore, isn't this technically a catch 22 situation wher...

The LLC debate rages on here at BP.   Rarely does a day pass without an investor asking whether they should use an LLC or not.  Perhaps BP should have a whole forum just devoted to this question . . .Having an LLC is ...

Economic Update
(Monday, November 9, 2020)

The election is finally over. Now we can return to ...

I closed on May 26th sight unseen (covid viewing limitations) and after inspection of the property I determined that I would need to fix up several parts of the home to make it rentable. Currently, there is no heat or...

so i have read and researched this designation for some time now, and even obtained good info from one of the forums' resident tax experts Steven Hamilton, II, but i am just curious how many out there are actually usi...

Hello everyone. So last year I bought a 7 units apt for 1.06 million dollars. Everything looks great on paper. Bought it with 3% seller financing on a 8% cap. What could go wrong right? Only thing is I didn’t check wi...

I need to create an LLC for financing as well as liability reasons. This thread isn't about the pros and cons of forming an LLC.Rather, my question is:Should I hire an attorney to do it "right", or is it good enough f...

Hi all ,

Would you take someone from Marijuana conviction from 7 years ago as tenant ?

When they say Marijuana conviction means he smoke marijuana or could mean he was selling it?

Is easy to get rid of marijuana sm...

I have purchased a new home and intend to rent my current house.  Cash flow will be neutral to slightly positive, but the Tampa market seems to be finally rebounding.  My goal is to capture the appreciation that will ...