I have a new LLC. My prospective accountant has suggested that I declare it as an S-Corp. Would the income automatically pass through in an S-corp, to the members of the LLC? Is this good or bad, pros and cons? What a...

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This is a house close to the lake with 3 units: 4 bed 2 bath, 3 bed 1 bath + 1 bed 1 bath suite (unauthorised)

When I’ve found a good price for a 3-4 unit. Where do I start gathering all the costs? What if there are tenants already living there? I’m not too sure as to where to start with assessing costs yet.

Hi guys, I have searched the internet far and wide, but still have some questions/concerns for filing my taxes this year.

Basically, I own a 3br 2.5Ba townhome that i purchases for 140k with 40k down, my total paymen...

Hello Thank you in advance for tuning in & providing feedback!
This will be my very first deal! I am looking at securing FHA Financing and Househacking a 4plex.
I am very familiar with Property and it is a very...

Where I'm located, a duplex in a decent area is going to run you at least $125k. Fully rented, rents in said decent area might be $1500-$1600/month. Taxes in Cleveland are generally high, with some areas being downrig...

Hey Houston BPers - I've been doing a lot of research on utilizing Airbnb for your rental properties, rather than a traditional lease and wanted to start a thread for those interested and have experience in the space,...

Hello BP members, So I have a property in Camby, Indiana where sewer is managed by the Tri-County Conservancy District which is billed separately (flat $64 per month) and can't be transferred into the Tenant's. I was ...

My buddy is considering buying a duplex, living in half, and renting the other half.

Would he be able to deduct all the interest paid on his mortgage, or only half because the other half is a rental?

Thanks in adva...

Hello everyone,I was looking for some feedback on a potential property in Maryland. There are 2 buildings, a duplex (1 BR + 4 BR) and a 5 unit (1 Efficiency, 1x1 BR, 2x2 BR, 1x3 BR) for a total of 7 units. Both buildi...