Hey BP,
How do mileage deductions work in a partnership structured as a multi-member LLC? Are the miles I drive only deductible to my share of the rental income or is it deducted from the total income of the LLC fir...

I know this is kind of an odd question, but is the LLC required to reimburse me for its start up costs (since I paid for those in my own name)?

For example, the formation company offered a discount for buying multip...

Should I reimburse them?

My company is developing in a Master Planned community with a fortune 500 builder that owns about 90% of the project. Some roadside, water, landscape, and light improvements still need to be made for the project to be...

Hello, I procrastinated and now I beg the community for help. My wife and I formed a partnership LLC this year and bought our first property.  I have filed the 1065 and did not include mileage expenses in the 1065 sin...

I have found a great deal that is 63% LTV in Florida. Unfortunately, all the hard money investors are asking for 10% of the purchase. Is this required?

So I contacted a couple HML's and one of them indicated that they require you to pay the rehab costs upfront, per a draw schedule and % of completion, they will inspect and approve and reimburse.  Do all HML's have th...

Today I served a 3 Day Notice to Quit to my tenants. There are multiple lease violations and they need to move.All previous 3 Day Notices I have served have been because of unpaid rent. These people have paid their re...

Recently, the ceiling in the garage of one of our rental properties (located in California) collapsed and the debris fell onto some of our tenants personal property, including two motorcycles. He described heavy winds...

I’m a newbie, and trying to make sure I know every penny of the costs associated with my future BRRRR. My lender just told me that construction draws cost $200, and require an inspection- SOP, it seems, but he said ...