I live in California and have a rental out in Ohio. Both this year and last the property has  created a tax loss. Last year I payed an accountant to do my taxes but this year I decided to do them myself. The accountan...

HI Bigger pockets I'm a newbie here and just starting out. I'm currently try to form an LLC and am going through process now and should I elect to be taxed as an LLC or Corporation? All we will really be doing is the ...

So I am wondering if I can still use Turbo Tax to do my taxes this year. I am a single individual, no dependents, only live and work in PA. My thought was that I would need a tax guy/accountant to file for this year n...

Hi BP! My wife and I are purchasing our first rental property and looking to set up a DBA. After researching some information about sole proprietorships and partnerships, we are confused about the right approach. We l...

So my wife and I created an LLC with an EIN and are about to fund a company bank account with our savings. It's a multi-member LLC, and I know we have to pay taxes on the profits (minus allowable deductions for the bu...

I've been running a wholesaling business on the side for about a year now and have been very busy buying and selling.  That's the good news, the bad news that this is starting to expose my need for improved processes....

Hello all,I recently lost my day-job due to COVID-19, and I'm considering going full-time investor in. My strategy is to start a house-flipping business in New Jersey to gain capital and once the house market settles ...

Is it worth it to have my contracts drawn up, or at least reviewed by a Real Estate Attorney. I understand the state laws regarding wholesaling in NY are tricky, but is it worth it to spend the money to have lawyers r...

I just want too know should I use one llc to flip property’s or should I continually make new ones with every flip? If you can please elaborate your opinion on both perspectives thanks in advance I appreciate it!

I have a single member LLC that is taxed as a S-Corp in which I flip homes and drive for Uber. I purchased a property in 2017 and finally sold it in 2020. I sold it for less than what I bought it for. I have filed the...