Hello BP World!When it comes to handling Real Estate tax, I consistently hear 3 different titles of tax professionals/specialists thrown around: RE Accountants, CPAs that specialize in RE, and RE Attorneys. I'm lookin...

I am interested in any special lease terms that apply to very elderly tenants in the event they become disabled requiring move out (e.g. to hospice) or die during the lease.For example, lease terms that covers how per...

What program does everyone use to to keep books on your properties?

Hi All - Looking for advice on where to start with CPAs.
I am a member of a multi-member LLC registered in Texas, I own properties in Oklahoma, and I live in North Carolina.
I have W-2 Income in 5 different states d...

I am a long distance investor with a few doors in Lubbock, TX. Has anybody ran into trouble with the “No more than 2 unrelated persons living together” code that Lubbock has? If so, what was the outcome? I know this c...

My tenants call to make complains and too many request since I purchased the property they live in. First they complained about windows which I fixed in 3 days.The tenant in the second unit complained about roaches in...

For folks doing rehab projects with partners, I'd be interested in hearing how you handle some of these aspects: 1) At what point do you legally form the partnership? Before making offers? (ideally i'd like to be able...

Hey All - I have an opportunity to partner with someone on a flip. This person would provide the construction and project mgt portion of the deal, while I would provide the financing (and some labor). Is it fair to as...

Greetings BP Family I am seeking advice on establishing an efficient process for keeping tabs on accounting. Our business is anticipating doing about 3-4 flips this year, so we are not expecting overly complex books. ...

How many bank accounts do you have for your real estate investing? I am trying to decide if it is better to keep each place in a separate account or if that would be unwise?

Thanks,

Shawn