Hello,I am a real estate investor in CA. I own rental properties in Florida, Tennessee, and Illinois. I already filed my federal and CA tax return. Do I need to file state return for FL, TN, and IL?As far as I underst...

So I bought a house to fix up with a rehab loan, but I didn't realize it was a strictly Buy to Lease loan. My plan was to move into it during the rehab process since I have a tenant moving into my current home. I foun...

If you buy a garage converted to an ADU, what are the consequences not getting a permit and if you get permitted what the costs and steps to take in?

Greeting BP RE tax gurus:I've received a notice from my SD-IRA custodian to report the fair market value of my "investment".  I invested in a Single-Member LLC, of which I am the "Single-Member".  The single-member LL...

I’m listening to this book; “100 Ways to Create Wealth” and it mentioned something that caught my attention.
 It said, when you’re playing a game, you’re having fun because there’s a challenge or hurdle you’re tryin...

I am in process of closing on my first MF house and recently received the initial closing disclosure.  I noticed that the lender increased my mortgage insurance (MI) premium to almost double the original amount.  It i...

Hi Everyone, I’ve been searching for my first house to house hack in South Florida. Not sure if it’s just the market right now but it seems a lot of properties are not fully permitted. As in a Florida room converted t...

Hello everyone,
I am in the process of setting up a holding company for my two current rentals and any future rentals. My question, is there a benefit to having my spouse as a member on the holding company. This is t...

Hi, I'm hoping someone could help fill in some knowledge gaps for me. I recently acquired a property through a tax lien and it has now appreciated in value. I've started my own LLC in South Bend Indiana and I'm planni...

My parents are both retired. They recently signed a P&S offering cash for the house across the street from my sister with a 3 week closing (fast!). To come up with the cash that quickly they have to pull money out...