Hello all, my wife and I have recently purchased a new house and plan to rent out our current home when we move out.  I am working on setting up the LLC to move the soon to be rental home into and I have a few questio...

I started an LLC in 2021, purchased a distressed house and am rehabbing it. I haven't sold it, so no revenue is coming, just a bunch of money going from personal to LLC, then out of LLC to the house. Do I need to file...

Should I get my LLC before buying my first rental property? I have read that you should get it before buying your first property and others said that is not necessary. I am afraid of getting the LLC and having to pay ...

My husband and I are in the process of closing on our first property in NY, and its a pure rental/investment property with existing tenants (3 unit multifamily).
We are purchasing under our own names, don't plan to ...

I have a couple who are very imotivated in renting my property. The husband just get promoted and need to relocate to our area.They have stable income and most of things looked right. However, they just filed bankrupc...

Hello,We recently purchased a rental property and created a domestic limited liability LLC (two members - my spouse and I). Title company is asking the EIN/TIN of the entity. Is it better to create a new EIN or is it ...

Hi BP,
My brother and I lost our father a couple years back. He left us some amount of money, and we already have one deal in California that is bought outright. We are looking to invest in Arizona, since it is close...

We set up an LLC in Q4 2023, so there was no business activity last year. How should I file federal and state (North Carolina) tax return? 

Hi, guys! I still need to file taxes for 2018. I also have a new LLC but did not make any money this year. I remember reading that I can simply complete my normal tax form and that will also count toward my single mem...

Hello all,
I was wondering how you would handle this pre-screened person that clearly spells TROUBLE for their next landlord and neighbors. Fortunately, they were disqualified from my rental based on a criminal misde...