Here is the situation on a house I purchased recently at Trustee Sale (courthouse steps)-Previous owner died 2/16. He was a disabled veteran, therefore he had an exception on his property taxes, resulting in almost 0 ...

I have two rental properties, one in Minnesota and one Alabama. I am currently living in Arkansas and about to close on a house which will be my primary residence.  I want to make arrangements so my sister can take ca...

I own apts in Miami and Multifamily Buildings in Omaha. I want to buy more but Omaha slowly for surely is running out of inventory and has been harder. I was thinking Louisville but I have not even been there. I am al...

Do people usually include accountants as part of their team?I’ve owned certain companies outside Canada and would do all finance/cashflow myself, but real estate is a new field to me as well as doing finance in a coun...

I have been contributing the maximum to my 401k account, including the catch-up contribution for those over age 50. My contribution far exceeds that needed to get the maximum company match.

I wondered if this...

Good morning BP! I went to the auction steps on Tuesday and started speaking with multiple investors about tax deeds. They have told me a little bit about the process. I am looking to purchase my first fix and flip ne...

I need to lower my rental income for this year due to some other income coming in.I know I can prepay certain expenses at the end of the year since I do cash based accounting. Now I am wondering if would work to have ...

Talked to my accountant today and he suggested I send 1099's. He said it is unclear what the repeal is all about. So, I went to the IRS to get forms and the lady at the counter said I am a trade or business and need t...

Do you recommend forming and LLC for each property separately? Is it worth the cost? Also, am I correct if an LLC is registered in a state that has no state income tax I won't have to pay income tax on the rental inco...

If a person who lives in a state with state income tax invests in property, either directly or via passive syndication, in another state that also has state income tax, must that person pay BOTH state income taxes on:...