Hi, I am a Canadian looking to start investing in buy and holds (small multis, 2-4 units) in Ohio in the next 6-12 months. I've heard about the main benefit of an LLC being that you're farther away from personal liabi...

Hello, allow me to explain. My mother owns a beautiful home in San Diego, CA free and clear. She purchased it in 1998 for $65k and the house is now worth just about 850k. But there is a lien on the house and it turns ...

Hi, I would appreciate a recommendation for a REI friendly CPA in the Austin, TX area. Thanks!

Borrowed private money to do several deals this year. Paid them all back their principal plus the agreed upon interest. For tax purposes what should I be doing to report. Do I need to issue them 1099’s showing the amo...

After the tax deed app is filed with the county and you take the property, I know the mortgage is wiped. My question is can the bank come after the new owner at all or just the old owner for the loss.

I have done ta...

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!

What do you safely budget monthly for replacements and improvements of a multi family such as appliances, roof replacement, renovations, appliances, countertops, additions, etc?  I have a client looking at a 12 unit a...

I want to open somehow of a legal entity where I can add my rental properties located in Milwaukee WI. and all other  real estate related activities that I have going on in the state of AZ.
I am  Realtor in the state...

Ok, here's the scenario. I am married, and file my taxes jointly, but am the sole income earner. I have 9 rental properties all 30 year fixed conventional loans. My wife is not a signer on the loans, but on title of t...

I'm just starting out trying to get in the real estate busibess, I see this property been abandoned for year 6,300 sf went check it out on the assessor's website it says the building value is 230,00 and the land value...