When you first buy a property, and don't find a tenant until after the first couple mortgage payments are due, how do you pay for those expenses? Do you pay those out of your own cash, and consider those payments as p...

Hello all,I came across a duplex in Phoenix, AZ but realized that it is classified as a single family residence.  What does this mean?The idea is to purchase it, owner occupy and rent out the other unit.  Also would l...

When I apply for an EIN for my mulit-member LLC the IRS classifies it as a partnership by default. It says their are addition forms you can fill out if you don't want it to be classified that way. My wife and I are...

I am curious if classifying my spouse as a real estate professional can offset ordinary income when filing jointly.  She does actually classify as such.  We have rental properties in various LLC's and until recently w...

Can anyone tell me why properties in Illinois show up when I search for properties in East Tennessee? See screenshot.

doesn anyone know what are good free classified site to sell house.

Hi, all. I manage a few properties for others using an LLC and have a few tax questions. All answers are appreciated. I'll use one property with round numbers as an example. The tenants pay rent to my LLC and my LLC p...

Morning BP Fam,About a month ago I was on the phone with a friend (who is 25 years older then me) to schedule a meeting for that day. He said he wanted to run to the store to grab a coffee and the paper before we met....

Classified Ad sites have changed in the last 1-2 years. Some popular ones removed, some others now charge, and some no longer host ads like "we buy houses". Which sites are people using these days and why? Note - I'm ...

There are a lot of classified ad sites out there. Not all of them are created equal. Some are paid, some are free. Some are targeted, others are specific.For selling / buying real estate which ones do you use and why?...