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I received a CP2000 notice from IRS and send to my accountant who prepared taxes. The inquiry was resolved with a simple letter to IRS explaining where income (rents) were accountant for in LLC return. The issue was...
I'm certainly a newbie when it comes to commercial investing. I have a good understanding of the due diligence required for multi-family, many aspects that should be considered for retail/office, but industrial prope...
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I bought a rental property in Cook County IL mid 2017 and 2016 property taxes was around $2000. It was a foreclosure and there wasnt any homeowners exemption. The property only needed a light rehab (paint, new floorin...
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Hi all!Just want first to thank Biggerpockets. These podcasts (which are so down to earth compared to those self-proclaimed guru's **BS** out there) have played a large role in keeping me motivated for the last two ye...
Just starting out in buying rental property, should I create a LLC because of taxes and liability?
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Hello all. WOW 2 post in one night. Anyway...
I have recently been very interested again in pushing my real estate ventures to the next level. I have in my opinion done well with my current rentals, but now feel ...
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Hello BP
I would love for some more experienced REIs to have a look at the details of a recent purchase my partner and I just completed and give us your thoughts on how you think we did.
THE PROPERTY
...
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I typically haven't charged for applications, but I just used an agent who charged $40 per adult.
Then I found this article about a landlord in San Francisco who took 250 applications for one unit at $40 a pop.
http...
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When protecting your assets, build a castle not a fence. You’ve made the effort to make your money, now keep it. You’ve built a fence to protect your assets by using an LLC, now learn how using the awesome power of Ir...
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Hello All,I currently own 13 real estate properties in the Northeast Ohio area and I'm looking to obtain a loan to assist with further expansion. I'm finding it difficult to find loans geared towards rental property i...