I am reading BP’s Tax Strategies book and I wish I had read it sooner. This should be required reading for anyone who owns RE, even if only a primary residence.My question pertains to passive losses. Due to the income...

When does a private lender cross the line? When does your need for the money to get the deal through get outweighed by the inconveniences a private money lender sets forth in your terms. My partner and I are at odds o...

Has anyone ever filed a FOIA request with a municipality to find out if the title on a property is insurable?I overheard someone at the title company the other day talking about filing a FOIA to find out if a particul...

I have a question on how to handle capital gains on a recent flip. I currently fix and flip my primary residences. In the past I have held the property for over 2 years before I sell but this current property I have...

I would like to get some advice on setting up equitable terms of a partnership, which I have never ventured into before. I read through several forums, but could not find exact same scenario which is not surprising gi...

I just had some new tenants move in (a family of 3). When i met them in order to give them the keys I found out that the spouse was 8+ months pregnant. A few days later I found out that her mom will be staying with th...

Me and my partner set up an LLC in CA (taxed as a partnership) in 2019. We are the only individuals in the company and performed over 1000hrs each this year and will continually maintain those hours developing our lar...

New tenant moved in on October 2021 and was late with every single rent payment. She paid rent (and did not pay the late fee) for the month of November on 11/8 after being served a 14-day notice to pay or quit. She di...

Detroit area sfr3,250 sqft 7 bed 6 bath Owner asking 275k estimating only cosmetic repairs and a plumbing issue last contractor was a friend who caught the covid and stopped work hasn’t touched it since also owner cur...

#1)I was at my property yesterday for some maintenance and I noticed the tenant did not clear the sidewalk or steps of ice like the lease says is their responsibility. She said they usually do it but "forgot" this ...