Underwriting is being difficult. I close in 3 days and they want an IRS Transcript for a partnership return. I cannot find this on the IRS website. Since a partnership is a pass thru entity, is the K1 showing profit/l...

Hi BP community, New investor here recently purchased my first investment property (duplex) in Fort Wayne! Has anyone had experience for assessed property value appeal and/or has general advice on lowering property ta...

Staples doesn't appear to have the 2012 1099-misc contractor kit available yet--will IRS mind if I just use the 2011 forms?

I recently decided to add a deadline penalty for a contractor that does not meet their agreed upon project completion date. Would a budget penalty be appropriate as well?I know many contractors will underbid a project...

Tax season may be a few months away still, but what should you expect if you're a first-time limited partner?

What to Expect: Equity Investors
As an equity investor, you will receive a K-1 from your op...

Anyone have any success getting K-1 forms from iFunding this year?I haven't received any communication from them and hoped someone else had.Thanks.--Natalie

For 1099s issued to yourself for your compensation of an S corp, one has until the end of February instead of the end of January. I saw an ad at BP for processing 1099s but missed who the vendor was. I also called a l...

If you’re financing fails and it’s within the contingency deadline, do you get your earnest money back?

Hello everyone,

I hope you are doing well. I have a situation with one of my tenants that I would appreciate some advice on. Here's a brief overview:
I own a triplex, and one of the tenants is an elderly lady who ...

I put a Freddie Mac/ Homesteps house under contract on Feb 4th, listed at 24,900 and after very slow negotiations I got a contract for just under 22K. before closing time came they canceled the contract, saying I was ...