Alyssa Baron
LLC taxes in Virginia
Hi! My husband and I are preparing to establish an LLC for our buy-and-hold rental properties. Does anyone know how Virginia taxes LLCs comprised of a husband and wife? (e.g. sole proprietorship, partnership). Thanks ...
Kade Eiguren
Tracking expenses across multiple projects
Hello BP Fam!
My partner and I are currently getting into a few different fix and flip projects and i'm curious to know what programs/apps you use to make this easier. Expensify initially looked like a good one? Tryi...
Aaron Yates
Question about Listsource: REO and Foreclosure REPORTS
Hey BP'ers, I have finally purchased my first Listsource list today. I have been working with @Jerry Puckett whom is going to help me with my mailing as soon as I FINALLY get him my organized list. Thank you for ...
Thomas Sehon
Best home inspectors near Beaufort SC
Hey all, Looking to get a short list of trusted home inspectors near Beaufort South Carolina. We will be buying the property site unseen and want someone very thorough that can get to the property relatively quickly a...
Stan Soulen
Taxable income when House Hacking
Hello BP,
After listening to podcast 196 with CPA Brandon Hall, I am questioning whether or not I'm most efficiently House Hacking.
I currently rent out half of my property. I was told that as long as I was living ...
Terrell Boyd
How to get line of credit with no business income and no credit?
Hi,I'm curious about ways to get a property for a new business I started. The business doesn't have any revenue as of yet since it just started. I also don't want to use my personal credit at all. How can I get proper...
David Green
Same rental income reported on 2 different 1099-MISCs
Hello experts! I'd appreciate some help on an issue I discovered today. For one of my rental units, the rent was paid by a Native American tribe directly to the property manager. I received a 1099-MISC from the tribe ...
Larry B.
Skip Trace Service
Just wondering if anyone out there has actually used LocatePlus recently? If so, what are/were your experiences, quality of service, if not using any longer, how was your cancellation experience? Thanks in advance for...
Cindy Cheng
How do you defer gain from 1031 exchange on PA Schedule D? HELP!!!
I completed a 1031 exchange in 2023. I understand that PA finally conforms to Fed IRC 1031 eff 1/1/2023. I'm filing my taxes using TurboTax and completed form 8824 for Fed purposes. When I get to PA taxes, I see the d...
Kimberly M.
Tenant wanting to pay a year in advance
I have an older gentleman and woman that want to rent my single-family home. They put down one dog on the application. When I checked on their Facebook I found that they have three dogs so they lied about two of them...