Hello,I have a 2 family property in New Jersey. I am renting out the basement illegally. Question - Will my insurance company cover me for any damages that happened to the property and is not related to the tenant in ...

Hey all,I'm seeking some advice/input to help me work out what's next for me. Some background:I got into REI to earn enough income from rentals to replace my W2. That journey started in 2016 when I bought a duplex to ...

How do I make this work? 4-unit apartment complex$1.8 million purchase price$9,000 combined monthly rent (very close to market rate, minimal value-add through rent increases)$40,000 operating expenses (taxes, insuranc...

Hello all,

I am trying to find out how much and what kind of insurance you guys get on your rental properties? Sorry, if its a rather silly question, but I am a newbie investor trying to understand as much as I possi...

First off, I spoke with my CPA regarding an LLC and I'm wondering if she is correct regarding the taxes on an LLC.  She stated that if I were to buy and sell a property under an LLC that the entire gross amount would ...

Looking to get started in real estate investing with house hacking within the next year. I've been reading everything I can find and listening to the podcast, but I still have a question.If I go FHA at 3.5% down to mi...

I found a tired landlord who wants to sell all 36 of his SFR rental properties. But now he is concerned about the tax consequences. He is waiting for his CPA to advise him how to proceed. I was wondering if anyone on ...

Hey, folks! This is my first BP discussion to start. I just found out about BP, and I'm loving it so far. TONS of great info.Along those lines, I wanted to throw something out there, if it's any value to anyone here. ...

I'll make it quick. My W2 income is >$550k/year, if I build an RV/Boat storage facility, will my storage business expenses/losses be able to reduce my W2 taxable income? Or do I have to have REPs status for this si...