I'm a rookie investor looking to purchase my 1st investment property. My realtor suggested to create an LLC and purchase the property so that you are not personally liable for any potential lawsuits. I did some intern...

BP Community,
I purchased a SFH in July 2021. Currently, I am house hacking. I found a deal where the numbers work for my second property. I do not have enough cash to put down 20% to use the second property as an in...

I was thinking of setting up an LLC to hold the property I’m trying to buy. Is it generally better to set up the LLC before and use it to buy the property or buy on my name and transfer to LLC after? Would it affect m...

Hi, I am new to investing, I do have some properties with my mom but I am now looking to expand our investment and to dive into tax benefits since I was so unaware of it for so many years. 
Does property depreciation...

Hi there,I'm looking for someone / a service to help me set up my accounting system and train me to do the entries. I'm open to software like Quickbooks online or any other that is recommended. Is there a service out ...

I recently read an article that there is a 30% federal tax credit for installing solar panels. Is this also for investment property? Does anyone out there know

I was hoping I could get some direction from an accountant or someone with tax preparation knowledge. I am working on completing my 1098 interest forms. I have a situation where I have two borrowers (an individual and...

Hello Biggerpockets members, Last year, my wife and I bought a Miami property with 2 detached homes on it (1 mortgage). We are renting (was already rented) the smaller 1,400 s.f. home. The larger 2,100 s.f. is our pri...

Has anyone ever us ProactiveAT in Cary, NC. I've set up a meeting with them to find out some more information. Recently I've started investing in properties and I know my taxes are going to be very complicated. I want...

As a self-employed VERY small business owner paying approximately 40% of my profit in income tax every year, I am (understandably) not interested in giving the IRS almost half of the money my tenants will pay for rent...