Hello Everyone,This is my first time posting and I'm very happy to say I will be a landlord in a couple months!  I will be moving out of my primary residence to another state, but will convert my PR to a rental.  Bein...

Do I have to fill out Part II “Special Allowance for Rental Real Estate Activities with Active Participation” of form 8582 “Passive Activity Loss Limitations”?

I am married, and our combined AGI is $125,000.

We mak...

I have done a lot of reading and listened to many of the BP podcasts and one universal piece of advice I've received is to make a ton of offers. To find the best deals and grow your portfolio you might offer on 20 pro...

Renters out 8 mnths ago. It has been on the market since then with no action.I am owed $4+k. Renters had 680+ credit score when moved in. 
It was sent to collections by Mgt Company. 
Can I still take them to small c...

Hi. I've been out of school for four years and work in residential administration, but I want to eventually make my way up to underwriting commercial deals in a sister company. I know I will probably have to go throug...

I've been considering hiring an accountant to handle the accounting for my short-term rental properties. For those of you that have hired an accountant, was it worth it? Also when looking for someone to handle my book...

Hello,    I finally sold my first deal, but it did not to go as well as planned. My LLC did not make any money for its first whole year and all the finances came from me loaning it.      I know for a fact I probably d...

What should I do?  Tenants said they had one 20lb dog which did meet our explicit breed restrictions.  Just received a letter from neighbor complaining about their dogs - one of which is a doberman pincher which is no...

We are fairly new real estate investors. We have acquired 25+ units in a little over a year, mainly using the BRRRR method, and all of our places are cash flowing generously. As an accountant, I’m pretty conservative ...

I have an opportunity to grab another set of five rental properties.  They are off-market. Seller financing is an option, but they want a 7 year term.  They are offering that with a rate that is 1 point under the bank...