Hello good folks of BP,My wife and I will be closing on our first owner-occupied rental property (duplex) in May 2019 and I'm trying to do as much up front leg work as possible to prepare for us being new landlords.  ...

Perhaps a CPA here can answer this question; I asked mine, and he didn't know as I was the first to pose this question to him. He offered to research it, but that costs me money that I don't have now...Earlier this ye...

I know you can file for a LLC on your own, but I do not understand why several people are charging obscene amounts to file them for you?
Are they doing something different than what you can do yourself ?

Also I know ...

Seems to me, reading the instructions for form 990-T, that UBIT only applies to assets held less than a year. In the instructions for Line 4a—Capital Gain Net Income, the IRS says:

Generally, organizations require...

I am the owner of a condo just now getting renovated from hurricane Matthew blowing the roof off in Daytona. It came out on the channel 9 news all over Orlando and Daytona. The HOA finally has there end almost complet...

Hey and Hi! I am getting started on my Baselane account and looking for tutorials. Specifically, I am unclear what the best way is to organize my subaccount; Do I open a new account per property? or put all my propert...

I started an LLC for the purpose of wholesaling. I haven’t successfully wholesaled anything yet, but I’m about to purchase a rental property. I expect to still wholesale some properties in the future. I know of severa...

Getting to the point of multiple LLC's, owning units, which have back accounts linked to them. We have an individual that is our PM, no company, working for us. Question: who or what should pay the R&M costs. If w...

I am looking for property management software.
Can anyone suggest a good property management software? We are starting out with 36 unit apartments and need to be able to keep it all
organized from the beginning, fro...

Lets discuss a little organization.  I'm actually about to close on my first RI (no big deal...).  I think i'm prepared and ready, but how do you guys organize your finances.  Do you guys use a specific program?  I wa...