I've been filing my tax return through H&R block software for a long time now.  I purchased a rental back in the middle of 2012 and have just now realized that my property basis I inputted into the H&R block s...

Supposedly they have introduced a bill (Not passed yet) to sheild unpaid federal workers from lenders and landlords. What a pain in the ass! This Gov't shutdown is going to affect way more people now. I don't know if ...

Hi BP folks,

I have a situation like this:
1. I have 3 rental properties in SC
2. I am considering hiring my retired parent to help with my business so that I could properly deduct those expenses

Shall I form an LLC...

First time investing into real estate.  I am in the stages of purchasing a property with a traditional loan, then transferring ownership to an LLC to protect my personal assets.  Once the home is under the LLC Ownersh...

Hi All,I have a question about LLC's, S Corps, and C Corps.  I work as a real estate agent in Washington DC and want to corporate myself for tax reasons.  What are the guidelines for where I am allowed to start my S C...

Me and my partner set up an LLC in CA (taxed as a partnership) in 2019. We are the only individuals in the company and performed over 1000hrs each this year and will continually maintain those hours developing our lar...

Today, in Sept 2018 the Stock Market is at 28,000. An all time high. The average wage is $26 per hour. It takes 1,077 work hours to “buy the market”. That is, if you buy one share each of the stocks of the Dow, the co...

Hey guys! I have 2 questions:

1. Are you aware if I can deduct the following expenses:
-4 educational books (legal tax guide, how to successfully manage your properties, etc)
-office supplies: files, folders, paper c...

I built a house this year that is now a rental property. I have all the cost and paperwork to back them up. This sounds like a perfect situation for using cost segregation depreciation. I am looking for a breakdown of...

Im sure many of us have read all the warnings and reviews of buying low price properties, and the problems typically associated with them, but all that considered, it is what first attracts a lot of people , indeed th...