I am a newbie buy-and-hold investor, and in the process of procuring my first rental property, a duplex. I want to make sure that I have the ownership structure set up well, to ensure the best asset protection.I have ...

I consider the business form of LLC vs Self-Employed to do rental business. For now, I am leaning toward establishing an LLC to purchase and rent real estate. In this case, the LLC won't have any income performance f...

Hi all,Is text and/or email an acceptable way of discussing pending issues with your tenants? Or does any communication regarding rents, fees, utilities, etc. have to be done via mail? If for some reason you end up in...

I understand how passing property to heirs at stepped up basis works....My question is...is there a limit to how much property the heirs can receive at the stepped up basis? And we’re talking $20m+ in property for ref...

Hey everyone, I’m in the process of searching for my first deal. I’ve downloaded propstream and compiled different lists of properties I would like to approach. I would like to spend the next week going door to door t...

New investor here. When getting a lead would it be wise to chat via phone for an initial screening of the potential seller rather than driving to meet with the seller? A conversation by phone would save a lot of time,...

Hi guys,
Lets say a person puts money into a Roth IRA, but then few years later, IRS penalizes this person because this person was making too much money. What would that penalty look like?
In 2019 I believe for a s...

Investment Info:

Small multi-family (2-4 units) fix & flip investment.

Purchase price: $113,000

Cash invested: $10,000

Sale price: $225,000

Duplex converted to Single Fsmily

Just hoping you all here could give me a hand, i am filing my taxes online with rental income for the first time and i need help with this form-

New, Used, or Converted (Building) Form 4562

Which describes this p...

I have 1 rental property that is a duplex as a house hack and the tenant that has been living there for about 3 months now is giving me some problems(not anything that cant be talked about and solved over conversation...