When I apply for an EIN for my mulit-member LLC the IRS classifies it as a partnership by default. It says their are addition forms you can fill out if you don't want it to be classified that way. My wife and I are...

Hi everyone, happy to join the team :) I am eager to start as a rental property investor in the US, while I don't live in the US nor have a green card. Based on the above, I have some doubts on how can I practically d...

Hello everyone.  I have real property which is mortgage free and want to transfer into a LLC for asset protection. I am drafting the Operating Agreement and have been doing some research.  However, one thing that I ca...

I have a condo in SF with about 40% LTV. Its currently rented out. I'd like to refi and pull money out to purchase the commercial unit below it. How much should I pull out? I can go up to 60% and still take a chunk of...

Being that BP is based on US laws, rules and regulations, how are you as Canadians, utilizing the information and services from BP to help you in the Canadian market?

Alright guys so ill give a little bit of background, im 20 years old bought my first house 8 months ago and i started house hacking its a 4 bd 2 bath single family house and a couple months ago i decided i was in a po...

I have currently set up an LLC for my rental properties that my wife and I own in Ohio. I am setting up the business bank accounts and need the EIN. When I apply for this online with the IRS is it possible in Ohio to ...

Looking for some advice on finishing my 2020 tax return.
Here is the situation:
In 2020 I became a realtor and also acquired an investment property. 2 different activities that need to be reflected on my tax retur...

Who has had their rental significantly damaged by a hurricane/tornado/flooding?  What's the basic steps if the house isn't habitable?  I'm guessing we end the lease, contact insurance, do repairs - then relist it for ...

Hi, I know this is a question for a CPA and I will schedule a meeting with him, but in the meantime, I wanted to see for those of you who might already know....I have an LLC that contains 5 properties and I have been ...