This is a follow-up to my recent post about IRA audit myths. In this long sequel, I will discuss hiring audit and "IRS audit insurance."
1. DIY IRS audits.
Can you defend yourself against an IRS audit without hired ...

Hi All!I need some help analyzing this deal and what the best approach is to finance it.So this property is located in New Jersey, in a very good A neighborhood, approx 1hr to get to New York City. It is a 3 family ho...

Arguably, one of the 1st steps in commercial is to have a seasoned LLC to be able to get financing. I've been researching the main differences between traditional mortgages for residential and commercial lending and j...

I had a great conversation with a gentleman this morning and I'd like to relay his story to see what y'all would suggest he do.Bought a 3 bed 2 bath 1500 square foot Ranch with good proximity to downtown 6 years ago f...

We are looking at a property for our primary residence.  It's a one owner estate house has been on the market for over a year now.  The heirs are paying over $3K/year in taxes.  The house is old and needs updating (no...

There is a commercial property (strip mall) up for sale on auction.com later this month in my area. A group of us are interested in bidding. In our research we found that the property was purchased at a trustee sale i...

Hello!Normally, on my taxes, I try to break even or make a little profit BEFORE applying depreciation to the property.I recently applied for my 6th mortgage, and the loan officer significantly lowered my buying power ...

Hello,So I wanted to know what exactly I can ask for the tenants to pay for as for as maintenance is concerned. I would like to have them pay for gardening, pool maintenance, and plumbing. Is there any issues I may fa...

Hi BP! I'm looking for an SLC house hacking situation (2-4 unit properties and/or single family houses with rentable basement/apartment/guesthouse) near Liberty Park or the Marmalade Library, but my primary goal is ju...

I am at a stage where I have few rentals. For sometime I used HELOC loans and my own money to fund my purchases. But that’s slow and limits me to 1-2 purchases every year. I have talked to some Hard money lenders but ...