After listening to the most recent BP podcast I want to pursue a Cost Segregation study for a few properties. We bought 2 SFR's last year that I think we can apply to last years taxes. We also purchased a SFR rental i...

I just purchased a house by the beach that will be a STR.  I am in the process of renovating, but I am doing so from out of state, and for various reasons I might not generate an income from the property this year.  C...

was told that a two member LLC is more favorable for flipping activities for two reasons: 
1) much less likely to be audited vs a single member llc
2) much more difficult to pierce the corporate veil compared to a s...

Hi All, My primary residence is a condominium that may be "deconverted" into apartments. There is an institutional investor looking to purchase my entire building, and if 75% of residents agree to the sale, everyone m...

I am in process of closing on my first MF house and recently received the initial closing disclosure.  I noticed that the lender increased my mortgage insurance (MI) premium to almost double the original amount.  It i...

As a retired graduate level engineer, I have always done my own Federal and State Tax returns.  Albeit for a couple of dozen years now I have used Turbo Tax to prepare and file returns.  I have always tried to underst...

Hello, My name is Ryan Moore and I have been an accidental real estate investor for the last 5 years. Due to a work relocation I had to rent my first home. I thought I was making a long term move and ended up buying p...

Effective financial management is absolutely crucial for achieving success in the competitive and dynamic rental property business. Property managers hold a key position in the process, as they are responsible for ens...

Sobering assessment from the annual report by the Taxpayer Advocate Service (a semi-independent branch of the IRS basically tasked with specific and systemic problem resolution):- 10-month refund delays on paper-filed...

I recently filed the paperwork for an Order of Possession against an occupant in a recently purchased foreclosed home in Charlotte, NC.  Can anyone tell me the typical time it take for the Court to process the paperwo...