What are the downsides of electing to be treated as a real estate professional for taxes? Would this make my real estate rental income become active income instead of passive? Is this taxed differently? I do not have ...

Just settled a could have been litigation and I thought this will be a good thread to start about the lessons learned as a landlord. The lessons I have learned from this are:

1. Never rent to a person who filed for b...

I just put in offers on my first two NPNs. The seller supplied recent BPOs on the properties and I "verified" them with values pulled from Trulia, Zillow, etc. Everything looked fine.After we agreed on price, I spent ...

I'm running different scenarios with the BP rental calculator for a 4-flat that I'm considering purchasing in southeastern Wisconsin. The building is in good shape and is fully-rented, but it is older (80+ years) and ...

I currently have a llc in Illinois but will begin construction for a str on kentucky lake. Can I put the kentucky property in my illinois llc or form a new one in Kentucky. I currently don't have anything attached to ...

I just bought my first property. I was given some advice to put the property under an LLC out of Wyoming as a liability precaution. Anyone hear about this? Pros vs cons? Thanks

We just completed the rehab on our first flip, and will be listing it on the MLS today. I can't say strongly enough how instrumental BiggerPockets has been in making this a reality. Without the knowledge I've gained f...

I just started managing one of my rental units after a several year hiatus (it was managed via a property manager during the interim). 
I'm screening applicants for a vacancy, and I noticed something odd. I pulled wh...

I should have asked this before Thursday but, oh well, I’ll ask it now!This past week I found a potential duplex in a decent part of town. I asked the listing agent for rent, costs, remaining loan, etc. she returned a...

I work 50-60 hours a week as a construction manager for a large company in NYC, but I want to run my own business doing flips and BRRR in northern or central NJ. What is your advice for shrinking my expenses and rais...