I know this is the millionth post about LLCs. I've talked to two investors in California and they said if a property is in an LLC, your heirs (my kids) would lose the step up basis. For example: if I bought a house in...

My grandfather and then my mom put my sister and my name on the deed to my grandfather's home.  However, I want to purchase my own home.  Will my name being on the deed of this inheritance cause me to miss out on usin...

How would taxes work if I receive money from a wealthy friend who isn't a "Private lender", but just someone willing to donate cash to help me with a fix and flip. What forms should be given from me to them, or them t...

I'm not a licensed real estate agent and I invest in TX. I've been considering reaching out to my local delivery drivers and postal workers to help find vacant and dilapidated properties in my area. I want to offer th...

I am planning on buying a house with my parents. We are looking into ways to finance it with <15% downpayment. I currently have a primary residence that I share with my boyfriend and my parents have never bought a ...

Hello all! I’m new to BP so I hope I’m following the proper protocol in posting my topic. I couldn’t find a forum category specific to it and since I am technically ‘starting out’ I thought this might be a good place ...

Hey guys, was wondering if anyone could help us out with some advice. We have 25K in our account that we got from a personal loan and now we're 2 days from closing and our lender is saying that they can't count that m...

Hey guys -

I'm looking to pick up a rewards credit card for the business, and was hoping for some recommendations. Which ones do you use and why?

Hey all,My parents and I are tenants in common on a property we bought back in 2007. My wife, kids and I currently occupy the property and the ownership split is 25/75. My parents want to gift their portion of ownersh...

Hello everyone! So I have a question (really more of an accounting question) but since many of you are shockingly savvy and have been involved in many deals i'm hoping to glean some wisdom from people who have maybe b...