I am an out of state investor, so I relied on my ex-property manager to do their job, however they were gross negligent. I was left with an excessive water bill ($10k) at my 4-unit property as they failed to fix a wat...

Hi All!I've been soaking up tons of info over the last year and a half and getting my credit scores and savings up to par and finally feel able to pull the trigger on investing. This is my first post to the forum. I c...

Hello Folks!Got a newbie question.  I recently closed on my first rental apartment here in NY. The seller is renting it back from me for the first year at least. My question is do you have a separate account where you...

We have a drain field on 60 year old home that is "failing".  Everyone's solution is "get a new one" - wow..genius.  Anyway, any other ideas?  House for 60 years didn't have a drain field problem.  In advance, ANY ide...

I have a question regarding LLC partnership buyout tax implication. I'm making a simple LLC scenario for easy discussion.The LLC has three partners A B C. LLC did real estate development project: it bought a land and...

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $102,500

Cash invested: $28,000

Rehabbed single family ranch property by replacing all trim, flooring, removing kit...

Hey guys. I just signed the papers on a mortgage refinance and in the prepaid column it has 3 months of taxes and in closing costs it has 2 months taxes which will go into My escrow account. The notary that did the cl...

Hello everyone, I will be filing for eviction on one  my tenant for excessive noise and harassing my other good tenant. Now this eviction has nothing to do with paying rent since she is current on her rent. My questio...

Hey BP,I am in the process of buying my first rental property and it is a triplex in upstate New York. Prior to making an offer, I've discovered that the current landlord pays for utilities for current tenants. The te...

Hello,I asked this question to my CPA and the answer didn't make sense to me.  Last year I got audited for my 2015 CA state tax return.  That year I did my taxes on Turbotax and fell for a misleading Turbotax trap. I ...