I keep hearing about how the rich file bankruptcy not because they are in trouble but as a strategic way to build more wealth. For example Donald Trump, Rich Dad's Robert Kiyosaki, 50 cent, Henry Ford even Walt Disney...

I've been investigating doing real estate investing out of state, since where I live (Massachusetts) is not only an overpriced real estate market but notoriously landlord unfriendly and hostile toward small business i...

Just recently sold my first flip. What is the current rule on being taxed for capital gain and how can I protect myself to avoid being taxed at a high rate? I've heard that if I buy another investment property within ...

My husband and I jointly own 3 buildings with residential financing in our personal names.  We also own 15 buildings (50/50) in our LLC. The problem we are running into is that our investment properties with residenti...

Hello Bigger Pockets community!So I'm in the process of vetting tenants for my Baltimore rental.  Here's the scenario - military applicant with 6x rent in verifiable income, no evictions, no criminal record, decent cr...

Hey All,
I want to move 2 of my investment properties under my personal name to a LLC that I own for liability purposes. Is there tax of any sort that I will need to be aware of if I do that? I am in New York City, NY.

Hi bp:
So far I have two rental properties, I'm getting more this year and next year so i am seriously considering opening an LLC for better protections.

I live in CA, rental property is in TX, MO, and considering bu...

Anyone have tips on maintaining LLCs? We created an umbrella structured an LLC with Anderson Business Advisors. Their monthly service is quite expensive and we would like to detangle from their services and manage the...

My main goal with the LLC is keeping commercial loans and debt off my personal credit report. With that in mind do I have to file any taxes if the LLC did not produce income? What if I started buying properties in th...

When you accept the role of an executor or personal representative to someone close to you, you know the role will take time and patience. Yet perhaps the last thing you're considering is that the person you’ll repres...