Hello BP, Does anyone in the Chicagoland area have advice on an accountant well versed in real estate? I find that most claim to know it all, but few actually know even the basics about maximizing the tax laws to help...

I have a rather large 1031 coming up with IPX1031 where I am selling one property and buying another the next day.  Because of the amount that is being 1031'd and the amount they are holding, I am a bit concerned that...

I am reading the book "The House Hacking Strategy"
Craig mentions to keep a separate (bank) account for real estate, because it will make it easier when doing taxes.
Can this be an additional savings account? Or doe...

In the rental calculator here, you factor in vacancy as an additional cost in owning a rental.  I have been just automatically putting in percentages just to do the calculations without a second thought but I just rea...

I am trying to find a study with data on the operating expense ratio for residential real estate, and hopefully something that applies to my area. I want to use the data to prove this ratio to my real estate agent. He...

OK, this feels like a stupid question, but....

--do you run your rental investments as a business, and...

--therefore, do you deduct all your business expenses, such as your REIA membership, miles driving around ...

I'm new to the real estate field and currently my focus is on wholesaling properties in new jersey (I'm from north jersey). I keep thinking it wouldn't be a bad idea to partner with somebody else whether its a newb...

I'm slowly opening my mind by reading, investing and trying to learn all I can about growing my $ thru various means. I've read about High Yield Savings accounts that are opened online.  Fellow Bpers, do you guys/gals...

If I have an LLC in which I conduct my business, how do I actually take profits out of that LLC for personal use (i.e. pay myself) w/o piercing the corporate veil and losing my liability protection?

Are there general...

This is a partial FAQ for a very complex topic that has a lot of possible twists and complications. Maybe it will trigger a discussion leading to a more complete FAQ.Here is a scenario. Harry goes on a weeklong trip f...