Hello BP,I have listened and read many stories on BP of how people buy a property, fix it up, cash out and use the cash to buy the next - like a BRRR. However, I am having trouble which is frustrating. My income tax r...
Do I need to file a tax return for a partnership LLC with no business activity? I’ve heard of a “No/Zero Activity Tax Return” but I want to get some clarification. Much appreciated!
Hello! Long term tennants are going through a separation (4yrs). The wife wants to move out with the children and have her name of the lease. There has been a lot of fighting and she wants to move out at the end of th...
Hello!
I am a newbie investor, just getting into the game (scared sh*tless).
I need some advice about whether or not to create an LLC for my investment property purchase. I've heard from several people that you shou...
I am a landlord and the homeowner next door is suing me for personal injury, claiming a leak from my property caused him to fall and break a leg on his property. My tenant never reported the leak to me and said he fix...
For those who use a property management company, what criteria do you look for in a potential PM company?
The last week has been depressing as we went through a prelim exercise to understand our tax situation. We have a MAGI of over $150k through 2 W-2's, live in a rented house and own a few multi-families. We made a rent...
Hi all, I'm looking to get into short term rentals in Wisconsin (1-3 hours from the Madison area). I've been reading a lot about city and county ordinances and many of them aren't the most forgiving. For example many ...
So, I have a lease that is supposed to start on June 1st, 2021. The tenant who has already signed and paid her security deposit just contacted me and told me that she will no longer be moving in. I am wondering if I c...