I just recently purchased a duplex in York County Maine. I wanted to open an LLC  in Maine, and am considering one in Wyoming.  I am looking to purchase further properties in the area over the next several years. It a...

Hey BP,So I just started with my first property in January of this year.  I have it in my name currently (No LLC or anything else just yet).  I'm having this property managed by a professional property manager.  I'm g...

Hello fellow BP members. Had a question regarding county vs city views on a APN(s). These properties are located in Los Angeles Country and within Los Angeles City Have a owner that wants to sell his 2 houses since ne...

My residency is in Atlanta and my two investment properties are in Indiana. Based on my meetings with the attorney, I have created two sets of legal entity. 1.Traditional LLC in Georgia (Operating LLC)--> This has ...

I am going to post some random posts on hear of my current successes or failures. Today is about failure and what went wrong.I have a quote on my visualization/goal board sitting next to me. It states "Risk and Failur...

For book keeping or any other reason is it advisable to keep a separate checking/savings account combo for each individual property? Interested to get peoples opinions. Thank you!

I am looking at numbers for my first deal.

The property is near Oklahoma.

It is a multi family property with one building. It has 4 separate "units". Each unit has a common kitchen and common area. Each unit also ha...

Hey BP family,
I'm a newbie investor and plan to purchase my first investment property in the next couple of months. I've had a LLC for a number of years and was wondering if it would be prudent to purchase my invest...

What do investors do when they have multiple properties? For example, 15 different properties for rentals. Do they just create 15 different LLCs? For fix and flip, that would be a separate LLC too? Any clarification w...

All:

Can anyone please let me know whether or not I will personally incur capital gain taxes when my tenants in common partner sells his 50% interest of two properties we co-own? I was thinking I should not incur any...