Are there any strategies to minimize taxes on the profits from flipping? Also, is it advisable to always purchase in the name of the LLC or is ok to do it on my own name if it is a quick flip? Thanks for your feedback.

As I said in the wholesaling thread, I am going to start wholesaling properties but was curious as to whether it is recommended if I set up an LLC, I have read somewhere that if I don't then the IRS will consider me a...

My tenant just informed me he found a bed bug and asked permission to use a fogger. It is the only apartment in an owner-occupied building. Any advice for dealing with bed bugs? I am getting exasperated with these ten...

A new tenant moved in March this year and at the time of renting, there was no signs of bed bugs. They called today (8 months later) and said they have bed bugs. The lease states we do not pay for pests, but I've deci...

I am looking at purchasing a mobile home park from a friends father who is older. . It is run down due to his age. This is the situation there are 40 lots, he owns two of the trailers only 10 lots leased he is getting...

The other day I found out my tenants in one of our duplexes has bedbugs. He does not have the money up front to deal with it but he promises to pay me back if I pay for it.

1. What are my legal responsibiliti...

Hello!
I'm looking at a potential offer on a mobile home park that has its sewer serviced by a private (park owned) waste water treatment plant.  Has anyone dealt with this before?  I don't know what I don't know and...

Hi BP Team,Hoping there is a tax professional out there that can address my question.  I recently realized a significant 1231 loss.  I understand there is a 5 year carry over on this so if i realize any gains those ga...

We are selling a CA investment property (single family) this summer, and plan to do a 1031 exchange into several other like investment properties.  Question is, if the title is in an LLC in CA, what happens to that L...

Hi - looking to learn more about the tax benefits of a short term rental property for a high income W-2 earner. What exactly is tax deductible and is income taxed at my ordinary income rate? Any resources folks would ...