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...

My parents have equity in a property of which drawing $200k on the HELOC in no way risks their livelihood. They've done so before for investment purposes and wish to exercise it again. They're wanting to explore one...

I am looking at a 3 unit with mo gross rents of 1100. The price is too high, but how do I figure out what my max offer is based on the rents?

i know ive seen a "rule of thumb formula" bounced around here somewhere.

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Hello BiggerPocketorsMy wife and I just placed an offer on a townhouse, and we're pretty confident that the seller will accept it. We are also in the process of creating an LLC in the state where the property is locat...

I have a LLC that is owned by my wife and I. Ever since it was created, we have elected it to be treated as partnership and pay self employment tax on income (if there is income in a given year). My current  accountan...

I am hiring a virtual assistant to help manage my books.  I would like to collaborate with my VA on a single Quickbooks file.  What version of Quickbooks should I use?   Desktop or Online?For the Desktop version I ass...

Hello everyone I am so excited to be making my first post on here. Before I jump into my current situation (I'll list it at the bottom in as much detail I can) I will tell a little bit about myself.I am 26 years old f...

Hi BP members!My husband and I just established our LLC. While filing out the necessary forms and paperwork I've been stumped on a particular item in our minutes regarding Capitol Contributions of the members. Was any...

I am very close to closing on my first single-family home. The numbers look good for my wife and me but I was curious as to what we should expect to actually pay in property taxes at the end of this year. The property...

I'm in Southern California, getting ready to do my first rehab, also in CA. Can I create a LLC in another state and use it to do business here or are there tax complications and not worth saving a few hundred dollars ...