Land taxation should replace all other forms of state taxation. For the reasons that I will describe below many economists, tax theorists, politicians, and philosophers have strongly advocated for land taxation to be...

There are hundreds of topics on this forum regarding tax strategy for LLC. When I talked to my CPA, they explained if I will classify my company with IRS as S Corp, then I will be avoiding paying self-employment t...

A friend of mine is looking into doing a 1031 exchange on some property; however, he's getting some conflicting info on one aspect of it so I thought I'd ask the experts here.

Here's the situation:

He is selling som...

Hi Everyone, I’m sure there are others dealing with the same thing, at least in Illinois anyways, but is it normal for your property taxes to increase by more than double in one year?? I understand they will increase ...

I have another odd situation on my hands.

I need all responders to start by making one assumption - the story I have been told is true. Yes, I totally realize this may not be the case, but I'm trying to understand ...

Hello Everyone! I am looking for some advice regarding the 1099 / 1099-NEC tax forms and whether or not I must issue these to contractors for my specific rental property. I currently own just one property (a duplex) a...

I've been working with my current CPA for several years and have built a lot of trust, however, she's never worked with REI, rather entrepreneurs in almost every industry but RE. And after reading/listening to several...

I just got a chance to review the new www.turnkey-reviews.com website that was recently launched by some of our fellow BP members. I am curious what turn-key business owners think about this site? Do you view it as an...

[b]Long story short.....well kinda: My partner and I have opened an office doing Taxes, Notary, Credit Restoration, and dabbling in Real Estate Investing. We have been in business for 2 years, and own an office in Bro...

Hi,I just bough my first 6 fam unit in RI. I am thinking of forming an LLC soon. I am wondering if folks can answer few basic questions : 1)  I am based in MA  - Should I form LLC in RI or MA?2) Is forming LLC is a pr...