Hey folks. I have a 4plex in las vegas nv that I purchased last year, it has a community laundry room. DADSON has their washer and dryer in the room. There is a contract signed by the previous owner for 5 years wit...

Hi All,I am looking to get input from people who file their tax return using the Professional Real Estate Status. Specifically, I want to understand how you track your daily activity and to what level of detail? Are t...

I’m trying to figure out how to do my taxes. I wholesale vacant land. Buy cheap. Try to sell within 60 days. Who should I be looking for to properly help me with Taxes? What kind of CPA? Could really use that help. Th...

Closed on my first rental home this spring. It's been two months with renters in the property in Kansas City. I'm looking to start an LLC before my next, but I'm also out of the country about 7 months a year while I'm...

Economic Update(Happy Martin Luther King Day)

Predictions for 2021? As 2020 has shown us, the world can throw so many curveballs at you that predictions can be about as useful as new year’s resolutions. In that s...

Hey everyone! Times are looking little rough right now for a lot of people. But for me? I am in contract with a home that seems to be a deal I’ve been looking for. This will be my first investment and with time like t...

I need help organizing my rental property finances, R.E. Balance sheets, Cash flow statements, etc.It seems that many software programs are set up for accountants, or property managers (NOT owners.)What do you use? An...

Hi I have several properties in Arizona and one in utah, my LLC structure is kind of a mess. My personal home in Arizona and the rental in Utah is in my wives name. Other properties here in Arizona are either in one...

I'm sorry, but as far as I'm concerned, BP is not the place to ask such stupid questions as who whould sing a lease, the owner or the person who qualified the tenant.

That shows you have not a clue, at all, about th...

Hi, we manage properties in a partnership and in a couple LLCs. We have Lowes and other accounts to purchase materials for repairs or renovations. Those expense accounts need to be paid with funds from the correspondi...