Need some help to finish our house.  I own the .83 acre lot. My significant other and I decided to use a builder she had done business with in the past.   We are paying cash to him every week or so when he sends bill....

I have a tenant who's lease is up in July. I intend on keeping the tenant, but under a totally new lease. (The prior lease was from the previous owner). Do I "need to" send my tenant a Notice of Non-Renewal? If so, wh...

Hello, Couple of questions here, this is just an example. Trying to figure out what is a good deal and if this one is a good one. What are your thoughts?Are the calculations are correct for Cash on Cash and ROI correc...

I recently formed a new LLC that will be involved in buy/sell, and buy/hold transactions. I read around online that stated I should go ahead and file form 2553 to be taxed as an S-Corp. I called a CPA for advice on it...

Need to file my taxes from 2019, I own 3 rental properties I rent. Need to approve for loans so I need the income to be high

Hi all,I’ve just recently discovered BP and I’ve been pleasantly surprised at the wealth of information available and the number of people who are so willing to help. Hopefully I can tap into this knowledge pool with ...

I am curious to see if anyone tried self Filing taxes for 1065 for Rental Property LLCs? My CPA is ripping me for several years without much help. Any suggestions, please?
Laxman
  

My name is Parker Sanburn and I’m from Kokomo, IN and don’t currently control any assets because I just retired from professional baseball and going back to school! Pro baseball doesn’t pay well so I’m now looking to ...

When the offer was made, the lender ordered an appraisal. The lender countered with a net of 85% of the appraised value. I made 3 counter offers but, they wouldn't budge from the 85% net.

In order to postpone the f...

I bought a property subject to an existing contract for deed to another buyer that was already in place from 3 years prior. That buyer rents the property and has been making timely installment payments on the contract...