Hi BP, 
I wanted to post to make sure I'm understanding the depreciation recapture process using an overly simplified example.  I'm leaving out deductions for closing costs, maintenance, repairs etc.
Say I buy a hou...

If am the buyer and my name is Joe Patterson, I assume that goes on  line #1, .....but then what is #2 and #3 for? (See screenshot.)

I’ve had plans to be an accountant for two years now and I am fixating my future on real estate. Now I’m thinking it would be wiser to become a property manager. The pay is roughly the same or close to it and I’d be l...

I am a new investor in California and was curious if experienced investors recommend an LLC for their rental properties. What is the approximate cost per LLC and how may rentals do you keep under one LLC? Any other in...

I'm just starting out, so I haven't setup my company structure yet. I've read a few people that suggest just putting the properties in your name and then maximizing insurance. I would like to have more protection unde...

Hi! I am completely new to real estate investing and am looking to invest in a new property. Many in my area are really beat up, how do I go about finding out the estimated costs for budgeting purposes to see if it's ...

I am trying to understand the implications of the IRS not-for-profit rule.

Let us assume:

- I have a group of rentals

- Each of these rentals shows losses for Tax purposes (rental income less: pro...

I just formed an LLC. What should I put as my title?

Founder? Owner? President? CEO? Others?

I am a lead generator.  I cold call homeowners facing Foreclosure to see if they want to sell the property instead of loosing it in Foreclosure.  Many homeowners want to keep the property. What options do homeowners f...

I've had a good stay as I have been renting out a bedroom in a Georgia home. This is until the lease has ended 6 months later and I have moved out. I didn't have a vacuum cleaner or broom, so when I left I packed all ...