What is the difference between doing real estate as a business and just individually investing in real estate?

I'll be purchasing my very first multi-family rental properties (buying two multi-family homes). I  want to create LLC to protect my other assets.  However, I'm a little confused about insurance.  Someone suggested th...

Hello everyone!
I'm reading a lot about passive vs non-passive rental activities and cannot really find a clear explanation.
This publication from the IRS says:
1. "Material Participation: A trade or business activ...

Do I need to file a tax return for a partnership LLC with no business activity? I’ve heard of a “No/Zero Activity Tax Return” but I want to get some clarification. Much appreciated!

I really like BP due to the answer from expert in each forum in BP (while I don't enjoy what BP offers); my question is, is there a forum out there that's similar to BP, but focus on niche small business real estate a...

We set up an LLC in Q4 2023, so there was no business activity last year. How should I file federal and state (North Carolina) tax return?

Hello,
I recently listed my first Airbnb through a house-hack. As of today, we have 0 reviews, 9 days on the platform, have not received our first guests, and have $2,500 in bookings! That is a great feeling. Three s...

Hi, my name is Vic and I am a income property owner in California. I have a question regarding liability for a childcare situation that has developed recently on my residential rental property. I have tenants that hav...

I'm doing a cash-out refi on a rental and lender required a full appraisal. Tenant is refusing entry due to COVID-19 shelter in place even though this is considered an essential business activity.  And the sheriff wi...

Hi,

I have a consulting business (professional Corp). I pay $600 to lease my office. It turns out that it is common practice to sublease other days to offset my lease. I sublease at $250/day in this market. So I ca...