Okay forgive me if this is a super junior question...We get all sorts of deductions from depreciation and whathaveyou...  But if we hold the house in an LLC... doesn't money we take out of the LLC get taxed like income?

How realistic is it to evict an existing tenant if you buy a property that you intend to renovate? (Hamilton to St.catharines area) I have heard that eviction responsible if major repairs are planned.

The facts are straight forward:

1. I bought a Home Equity Loan in foreclosure. It was in the first position because a subsequent 'first' loan did not have a subordination agreement recorded. I received and recorded t...

I am a newbie to BP and just in time! I have declared 2015 as the year I begin investing in RE. I have wanted to break into the field for over 10 years but felt completely unequipped. I didn't know how or where to sta...

Hello Guys,I have an umbrella LLC in neveda and I have 9 properties total that is included in this LLC. My CPA just billed me for $4650 for Tax preparation for management LLC. Isn’t this too much?Thank you in advanced...

I have a option contract that I have been using for my offers on SS and I have been reading that some people are recording a Notice of option to help them get by the seasoning issues from lenders and FHA. My question...

Aw, tis the season for Taxes, eh? With that comes a few mini debacles early in the year, hopefully someone can offer some insight into my current one.Early December 2018 I formed an LLC in the state of Nevada due to t...

Here's my situation. My property was up for auction sale on 9/4/12. B of a declined our loan modification and i haven't paid my mortgage for 20 months so Im in default and the house is now in foreclosure. I called B o...

Hello everyone, I'm Anthony a small time landlord in North Carolina and just joined so I wanted to introduce myself. I'd love to hear from others from NC to help a newbie out. I'm going through a non paying tenant as ...

I am curious how investors in Southern Illinois approach asset protection and privacy protection, specifically for a partnership. I've hear that most buy and hold investors use an LLC, however the cost of an LLC is mu...