I was wondering if anyone has any hands on experience working with a bank to pay off the first lien on a property after they have bought a property at a foreclosure on a junior lien. There is a property worth about $3...

Whats going on Bp world. I know these A LOT of conversations (forums) on this, but i couldn't find any. I was wondering is there any paper work that needs to be turned into a title company when doing Rent to own or le...

Hi there! I was wondering whether rookies (like myself) decide to buy their first property with an LLC. From my research, it looks like getting financing is more difficult under an LLC vs a personal loan. My worry is ...

My wife hates our CPA. We don't get much advice, he's disorganized, and the last straw was him sending out a group email to 200+ clients exposing everyone's contacts! That's like a 1998 internet mistake. I would never...

In addition to property management, I do hourly work for a rehabber. Would it be better for them to send a 1099 to my property management LLC or to my personal name? Both are justifiable since I end up managing the ho...

I'm partnering on my first flip with an experienced investor. I'm providing capital in exchange for percentage of sale profit. Following the sale, I should net somewhere around $20,000. I need to know, if he reports t...

It appears from some reading that different entities are able to claim different business expenses against income.Can someone explain the differences in the allowed business expenses that can be deducted when using LL...

Hi BP,
My brother and I lost our father a couple years back. He left us some amount of money, and we already have one deal in California that is bought outright. We are looking to invest in Arizona, since it is close...

Im currently using a basic Excel spreadsheet to keep track of my properties and tenants. My file is detailed but not enough. Im looking for a software that can help me better manage the finances as well as tenants for...

I have water damage to my home and my homeowners insurance was involved immediately. I used a mitigation company with a good reputation I chose and the insurance company accepted. Their remodeling arm put in an estima...