Wanted to get everyones opinions.. We just closed on 22 units mid march and went back and forth on whether to organize the reno work schedule ourselves (schedule the demo guys, painter, buy floor, schedule floor insta...

Hi all - first time poster, but have a question on best approach. My current household I used a 401K loan as a down payment. There's 36k remaining on the loan. I am currently putting an in-law suite addition on the ho...

Is Special Warranty Deed a common practice for multi family apartment deals? That's what the listing broker told me and said I can ask for General Warranty Deed instead but that would put me at disadvantage against ot...

Aloha everyone!  I hope all are doing well during these unprecedented times.  I'm looking for quick tax advice on how to file my couple flips and really appreciate your time and knowledge!
General info: I purchased t...

I’m trying to understand how to structure a 2 person partnership.Money and profit is split 50/50.But the loan will be in my name. We’re doing the first few purchases with an Operating Agreement only.Does anyone see an...

Hey BP! A friend and I are trying to create a fool proof way to automate our Airbnb cleaning schedule. We currently create a google doc and right down the dates with time frames that we need the cleaners to clean, but...

Hi all. I love love being an agent and Property Manager but some days I feel like it consumes me.  While I am not feeling burned out, I could see that if I do not make some realistic schedules, I soon will be.  So her...

My partner and I formed an LLC in 2015 and purchased a rental home. This is our only investment property and the sole reason for the LLC. In 2015 we did not issue a K1 and there was no return filed for the LLC. We fil...

I started dabbling in wholesaling a few months ago,I do not have an LLC. I haven’t made any profit yet and I’m wondering if I should still file taxes for my “business “. 

If I'm using the standard mileage rate for 2017, can I also claim my business use percentage for my auto loan interest?  My accountant says no, but I've read in books that you can still claim auto loan interest in add...